AUDUSD review
Description :
If we examine the medium-term situation:
Consisting of a 6-month uptrend line and a strong resistance against which we see strong price reactions in the daily time frame, this line is likely to maintain the price trend and touch the resistance and return because the dollar index is also near its bottom. And it is likely that at that time the dollar will start to rise and return.
However, the short-term situation can be expected to fluctuate in the small channel that has been formed, but it also has resistance to which the price is likely to react, but it will probably be overcome by an upward trend.
If we examine the medium-term situation:
Consisting of a 6-month uptrend line and a strong resistance against which we see strong price reactions in the daily time frame, this line is likely to maintain the price trend and touch the resistance and return because the dollar index is also near its bottom. And it is likely that at that time the dollar will start to rise and return.
However, the short-term situation can be expected to fluctuate in the small channel that has been formed, but it also has resistance to which the price is likely to react, but it will probably be overcome by an upward trend.
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