AUD/USD has
been consolidating for quite a few weeks now and it does not look like
consolidation will end any time soon. The pair has been testing the resistance
at 0.7810, but it has not been able to break above that level. While that is very much
possible, I, personally, am on the lookout for any candlestick patterns forming
under the resistance level indicating a new move to the downside, because for
the moment I believe range will continue and the pair will head for the support
at 0.7550 again.
Still consolidating.
ReplyDeleteGood assessment, thanks.
ReplyDeleteGreat analysis.
ReplyDeleteGreat Information! Thanks!
ReplyDelete