AUDUSD Forecast
Updated
D1 - Price has reached a key resistance zone formed by the 100% fibonacci expansion level of the first wave and the 61.8% fibonacci expansion level of the second wave.
Bearish divergence.
H1 - Bearish convergence, the price has broken below the most recent uptrend line.
Currently, it looks like a pullback is happening.
Expecting further continuation lower after pullbacks.
Bearish divergence.
H1 - Bearish convergence, the price has broken below the most recent uptrend line.
Currently, it looks like a pullback is happening.
Expecting further continuation lower after pullbacks.
Comment
The price action followed my analysis and provided a fantastic move to the downside!
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