AUDUSD has been moving in a bullish channel
Price looks like it will test the weekly channel support, which has confluence with 1.272 extension
This could see a turn for the pair
Price looks like it will test the weekly channel support, which has confluence with 1.272 extension
This could see a turn for the pair
Note
Still on track to test channel support line. Engulfing bearish candle supports this and weak AUD adds momentum
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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.