AUDUSD retreats from key resistance, a pullback is likely
***Closed at trend line test, 0.9595.
Profit/loss(pips)=+50
The price has reversed course from the the 50 percent retracement level and the 200-days SMA, the initial bearish action confirms this area as key resistance and hints a potential downside pullback, a followup by bearish closing today may give further confirmation to this scenario.
Profit/loss(pips)=+50
The price has reversed course from the the 50 percent retracement level and the 200-days SMA, the initial bearish action confirms this area as key resistance and hints a potential downside pullback, a followup by bearish closing today may give further confirmation to this scenario.