Will AU CONTINUE IN THE OVERALL BEARISH DIRECTION? Let's See.
Updated
Looking at the overall projection, Will we see AUDUSD continue to go through a bearish market? Even the those the bull had spiked up during Asian session, will we see a chance for the bears to over take the bulls? or Will we let this cycle continue to play out for AU? or would we see a turnover market happen before the end of this year? The best way is to let it develop for the rest of the week and let it come into play.
I do believe with AU having such a big down market for this year, I believe it will continue the cycle before it turnover. As you can see that on the 1hr there is the resistance level that price haven't broken yet. but I'm waiting to see what the market has to do and waiting for it to develop of course. But then once again we don't know what the market may do.
Let's wait and see.
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I do believe with AU having such a big down market for this year, I believe it will continue the cycle before it turnover. As you can see that on the 1hr there is the resistance level that price haven't broken yet. but I'm waiting to see what the market has to do and waiting for it to develop of course. But then once again we don't know what the market may do.
Let's wait and see.
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Note
So AU is definitely consolidating. Price might breakout to the upside. I'm keeping my eyes on this.Note
Price breaks to the upside, coming back into range of the resistance area. The high is sitting at the (0.68038) There might be one more push before it turns over and make its way back down to the downside. But let's wait and see.
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