AUDUSD – The monthly candle is closing as a doji. Price is ranging between 0.74000 and 0.70000. We need a more confirmed breakout to see the next leg of movement. We still need to keep in mind this pair is bearish. However, we are at an area price has wicked at before as seen the left. The doji at the monthly zone could indicate that price could see bullish momentum, but we need more confirmation on the lower time frame.
Buy Bias: Upside momentum could push price back into 0.74000
Sell Bias- A break of the zone to the downside could lead price down to 0.69000
Buy Bias: Upside momentum could push price back into 0.74000
Sell Bias- A break of the zone to the downside could lead price down to 0.69000