AU Long
Updated
I believe we'll be seeing a rise in price level for the aussie dollar as it has built and tested two former levels of resistance as support. With an upward trend visible of the 4h chart, we could see one possible test of support at 1.64448. Should AU find some strength around 1.645 we should know that a jump up is coming. Should the support test fail the trade may fail and we could possibly see a downward slope.
Note
the retest of support seems to have started.
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.