On the Daily Chart, the Aussie Dollar is continuing it's uptrend as seen in the weekly and monthly.
On its way up, AUDUSD took all the buy side liquidity and buy stops nearly touching the 0.78950 level before abruptly going down to find support at 0.76800.
It seems now that it is trying to reach the same 0.78950 level again, but it may be stopped at 0.78200, make a correction and then finally reach the new high.
What is your opinion on AUDUSD?
THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH. USE RISK MANAGEMENT AND STOP LOSS.
Thank you for reading this and analysing my idea.
Please like and follow my channel if you find this idea useful and to discover new insights about the FX market.
Good trading!
On its way up, AUDUSD took all the buy side liquidity and buy stops nearly touching the 0.78950 level before abruptly going down to find support at 0.76800.
It seems now that it is trying to reach the same 0.78950 level again, but it may be stopped at 0.78200, make a correction and then finally reach the new high.
What is your opinion on AUDUSD?
THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH. USE RISK MANAGEMENT AND STOP LOSS.
Thank you for reading this and analysing my idea.
Please like and follow my channel if you find this idea useful and to discover new insights about the FX market.
Good trading!