AUDUSD - Accumulation, Are we in Spring Yet? (No)

10 באוג׳ 2021

Chart: AUDUSD on a 12h timeframe

• We had a nice markdown, followed by a fairly high volume Selling Climax (SC) and Automatic Rally (AR)
  
• Seems our Selling Climax Support line has not yet been breached yet, thus Spring is not in yet
  

Based on this AUDUSD probably will continue sideways for a couple of more days.