AUD/USD - Historical Level Test
On the daily chart, we can see that the price broke the long term bearish trend movement and started the bullish trend.
After attempting to break through the historical resistance level, the price failed, formed a double top formation and was rejected downward.
Now the price is forming a short-term bearish trend. After the end of the bearish movement, a retest of the historical level is expected.
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This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
After attempting to break through the historical resistance level, the price failed, formed a double top formation and was rejected downward.
Now the price is forming a short-term bearish trend. After the end of the bearish movement, a retest of the historical level is expected.
If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis .
Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
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