Hi Traders,
Here is a quick update on AUDUSD.
Price has taken a few days to move but eventually made the move down and I was able to secure 100pips with a small position still running. Looking at price now I see potential for price to retest the broken support and then once again hit a new low, I would like to see the h4 candle close below the resistance in order for my bias to remain short.
The target remains the same at 0.68500. Previous analysis in the link.
Happy trading
Renaldo Philander
Here is a quick update on AUDUSD.
Price has taken a few days to move but eventually made the move down and I was able to secure 100pips with a small position still running. Looking at price now I see potential for price to retest the broken support and then once again hit a new low, I would like to see the h4 candle close below the resistance in order for my bias to remain short.
The target remains the same at 0.68500. Previous analysis in the link.
Happy trading
Renaldo Philander