What I'm seeing on the AUDUSD 0.17% chart tonight after viewing several different timeframes is potential for more downside before rise. I am looking for price to pin off of the current resistance trend line , then drop to the macro support trend line to change trend and continue rise. Although if price drops to macro trend line I would see how price behaves before placing any positions. I like the market structure tonight.
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.