AUD/USD has given us a double top at a major resistance area/zone.
It has currently formed a lower high after giving us a change of character (choc) to the downside.
I expect price to drop to the next demand level for 200-300 pips.
Dxy News for the rest of the week should help fuel the move if positive for the dollar.
It has currently formed a lower high after giving us a change of character (choc) to the downside.
I expect price to drop to the next demand level for 200-300 pips.
Dxy News for the rest of the week should help fuel the move if positive for the dollar.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.