AUD/USD – Week 29 – Bears losing steam.
Last week, we expected the Australian Dollar to reach the orange trendline. Instead, it made a new lower low and now it looks like the bearish momentum is dying out.
In the coming week, we anticipate the price to make a bullish attempt and reach the resistance area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we anticipate the price to make a bullish attempt and reach the resistance area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
