Hello dear friends!
Last week, the AUDUSD finished and closed with a decline. However, after observing the 4-hour chart, we can see that the current main trend of AU is still within an upward channel. Therefore, the decrease in AU may just be a cushion for price increases in this week's trading session.
At the time of writing this article, AU continues to increase around the price range of 0.644 and its next target for price increase will be 0.647 and 0.650.
Wishing you all good luck.
Last week, the AUDUSD finished and closed with a decline. However, after observing the 4-hour chart, we can see that the current main trend of AU is still within an upward channel. Therefore, the decrease in AU may just be a cushion for price increases in this week's trading session.
At the time of writing this article, AU continues to increase around the price range of 0.644 and its next target for price increase will be 0.647 and 0.650.
Wishing you all good luck.
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AU increased as expected
