Possible Buy Opportunity on AUDUSD
On AudUsd, I believe the long-term bullish momentum could be present around this Significant Weekly Level that we're currently ranging around.
Price has failed multiple times to create lower lows and establish more downtrend structure past this Significant Level. I'll be waiting to identify if/when price manages to break and retest the Significant Level that is acting as resistance for the time being. If we're able to break and retest this level, I'll wait for some bullish rejection before placing buy orders.
Price has failed multiple times to create lower lows and establish more downtrend structure past this Significant Level. I'll be waiting to identify if/when price manages to break and retest the Significant Level that is acting as resistance for the time being. If we're able to break and retest this level, I'll wait for some bullish rejection before placing buy orders.
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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.