AUDUSD Neutral Idea
On high time frames we can see that AU is very bearish and is currently approaching a key resistance level around 0.69250 which is also a daily 61.8% fib level
I would like to see how price action reacts at this level before making a move. Ideally for a long setup we would like to see resistance broken and retested as support
If we are to continue with short setups strong rejection from this level would be perfect for us to then enter on.
Either way, we are waiting for confirmation
On high time frames we can see that AU is very bearish and is currently approaching a key resistance level around 0.69250 which is also a daily 61.8% fib level
I would like to see how price action reacts at this level before making a move. Ideally for a long setup we would like to see resistance broken and retested as support
If we are to continue with short setups strong rejection from this level would be perfect for us to then enter on.
Either way, we are waiting for confirmation