AUDUSD: Complete Indecision

18 בנוב׳ 2019

hey traders,

it is an educational post on AUDUSD .

I was asked a lot during this morning about AUDUSD future market direction for this week.

for now, it is quite complicated to say exactly.

* from a bullish perspective, the pair has just reached 0.68 key structure support level.
and after a strong selling reaction from 0.69 it can retrace with a high degree of chance.


* from a bearish perspective, the market has retraced to 0.682 strong level of resistance
+ has just touched a minor falling trendline


for confirmation of a market further direction pay close attention to 0.68 - 0.682 range,
the side of the breakout will determine the market further direction.

Please, support the idea with like and leave a comment, thank you!)