Hey traders,
A continuation of my analysis of AUDUSD so far.
Price retraced in the midst of the current down move last week, before reaching resistance currently.
Bulls struggled to push price down and it seems like Bears are still in control for the medium term.
If we can get a strong bearish close tomorrow, it only further confirms the downtrend.
Simple price action and analysis.
Last week:
A continuation of my analysis of AUDUSD so far.
Price retraced in the midst of the current down move last week, before reaching resistance currently.
Bulls struggled to push price down and it seems like Bears are still in control for the medium term.
If we can get a strong bearish close tomorrow, it only further confirms the downtrend.
Simple price action and analysis.
Last week:
