Last week AUD/USD followed analysis as expected
It successfully broke out from Dynamic resistance
From breakout point, price was able to make a 60pip move to the upside, but considering the fact that this happened by the end of the week, i wasn't too sure price would progress higher
Now!! were in a new week and it's full of possibilities
Price came back to The channel line it previously broke out from, and we can see a retest of Dynamic resistance turned support
I hope this will be a sort of continuation of the move it was not able to make last week.
Let's see how it goes.
It successfully broke out from Dynamic resistance
From breakout point, price was able to make a 60pip move to the upside, but considering the fact that this happened by the end of the week, i wasn't too sure price would progress higher
Now!! were in a new week and it's full of possibilities
Price came back to The channel line it previously broke out from, and we can see a retest of Dynamic resistance turned support
I hope this will be a sort of continuation of the move it was not able to make last week.
Let's see how it goes.