AUDUSD Still In the Fork
Now it's just a debate: if the current up fork is going to hold or fail, as price has crossed it from its upper parallel to the lower one with ease. This market is in a very-long-term down trend, found resistance above 94 and then even below that level. Now it is about to say, whether it's going to stay within the fork or not. It can either turn into an overshoot and go up again or... continue lower toward some support level. If the fork holds, we should see price go up to at least 0.937, otherwise we'll see, if either 38.2% retracement level or prior lows' support is going to hold.
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There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. All content posted is for educational purposes only and is not a financial adivice.
Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. All content posted is for educational purposes only and is not a financial adivice.
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