AUD looks bullish longer term vs the weaking US dollar.
Looks like AUD is reacting off the golden pocket retracement, weaking DXY should lead to stronger currency pairs, including.
Once downtrend channel is broken, it'll confirm bullishness.
Divergence on Average Oscillator seemed to have played out to a decent bounce.. but rejected off resistance, and formed a higher low (march 2020 covid crash formed the lower low.. I think AUD strengthens against the greenback over the coming year or two.
Once downtrend channel is broken, it'll confirm bullishness.
Divergence on Average Oscillator seemed to have played out to a decent bounce.. but rejected off resistance, and formed a higher low (march 2020 covid crash formed the lower low.. I think AUD strengthens against the greenback over the coming year or two.
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*Not Financial Advice*
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*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*