Sunday Analysis: Neutral on AUDUSD
Last mark up didn't go as planned, but lets see how this goes.
Daily - Price has been making higher highs and higher lows as well as trading within a POSSIBLE channel.
4HR - The channel is still holding up that I drew from last week. We can see a closer look of price breaking and retesting the daily S/R zone. Wouldn't be surprised if it keeps pushing up some (since it's still trading over our 200MA and 50SMA with also signs of a cross from the two), BUT I want to watch and see the next couple candles I get before jumping in for a buy.
1HR - Not seeing much of a pattern I like.
Overall: NEUTRAL
Daily - Price has been making higher highs and higher lows as well as trading within a POSSIBLE channel.
4HR - The channel is still holding up that I drew from last week. We can see a closer look of price breaking and retesting the daily S/R zone. Wouldn't be surprised if it keeps pushing up some (since it's still trading over our 200MA and 50SMA with also signs of a cross from the two), BUT I want to watch and see the next couple candles I get before jumping in for a buy.
1HR - Not seeing much of a pattern I like.
Overall: NEUTRAL
Disclaimer
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.