AUDUSD - weekly
Weekly – medium term view.
According to the weekly time frame, appears as if the AUDUSD will be trading sideways for the next 16 months (188 bars) til Jul-Aug 2019. With the first level of support - Schiff pitchfork .786% - approx. 0.75020. Followed by a rebound up to 0.79752 were it will be met with heavy resistance – confluence level (Schiff pitchfork .618% & fib retracement .382%).
According to the weekly time frame, appears as if the AUDUSD will be trading sideways for the next 16 months (188 bars) til Jul-Aug 2019. With the first level of support - Schiff pitchfork .786% - approx. 0.75020. Followed by a rebound up to 0.79752 were it will be met with heavy resistance – confluence level (Schiff pitchfork .618% & fib retracement .382%).
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