AUDUSD is approaching its major resistance. Should this major resistance break (uptrend), then it is a confirmation that AUDUSD will re-enter its ascending triangle market structure before a major descent once more. However, my personal opinion thinks that we will just touch this as a form of "re-test" for the ascending channel before a descent to 0.68 levels. For short-term outlook, we can go long up to 0.728 levels for now.
Disclaimer: This is for educational purposes only.
Disclaimer: This is for educational purposes only.
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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.