Hello Traders,
AUDUSD pair was in a strong bullish trend from 23 Aug , and it broked a strong Resistance zone due to the bad news that was released on the USD
on Friday.
So if we take a look on ( 4h -1h - lower ones ...) we can see clearly that the pair is in a massive bullish trend and it successfully has broked a strong resistance zone so we can predict that the price goes HIGH.
But If we take a look at the daily tf we can see that the price is actually in a down trend channel !! and it pullback after it touches the trend line in DAILY TF & we can see that there is a 200 EMA combining with the trend line which makes a STRONG RESISTANCE that is too HARD for the pair to broke both them easily and continues upward ... there must be a PULLBACK from this zone and thats my point of view
Therefore, I can say briefly that the pair will be BEARISH next week
^^^^^ Trade by yourself , It's not a Financial Advice ^^^^^
AUDUSD pair was in a strong bullish trend from 23 Aug , and it broked a strong Resistance zone due to the bad news that was released on the USD
on Friday.
So if we take a look on ( 4h -1h - lower ones ...) we can see clearly that the pair is in a massive bullish trend and it successfully has broked a strong resistance zone so we can predict that the price goes HIGH.
But If we take a look at the daily tf we can see that the price is actually in a down trend channel !! and it pullback after it touches the trend line in DAILY TF & we can see that there is a 200 EMA combining with the trend line which makes a STRONG RESISTANCE that is too HARD for the pair to broke both them easily and continues upward ... there must be a PULLBACK from this zone and thats my point of view
Therefore, I can say briefly that the pair will be BEARISH next week
^^^^^ Trade by yourself , It's not a Financial Advice ^^^^^