AUDUSD Bears Are Kicking In
AUDUSD has shown weak bullish signs this month and I see this pair going bearish for the next few weeks before resuming its uptrend. Keeps getting rejected at the 61.8 fib level and daily candle closed in a pinbar.
Price has also rejected 200 EMA on weekly chart which shows further bearishness
Price has also rejected 200 EMA on weekly chart which shows further bearishness
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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.