$AUDUSD false upside break in making
AUDUSD is pulling back after the rejection from 0.7700. On a weekly chart a sharp downside Pitchfork channel has been formed and a break below .7400 will confirm that this is a false upside break. The false upside break will lead to a downside channel continuation. Bounce here is required for this support to hold and to carry the pair higher.
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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.