AUD/USD - ST play on sideways pattern
Lots of sideways movement on the USD AUD recently. Only three times a strong channel has been broken in July and there is good support & resistance established in July. MAs converged for nearly 85 periods
Entry point around 73600 if the price bounces off the support line.
Long term bearish trend is still in play an could present an opportunity if the price tests around the 74730 mark.
One to keep an eye on
Entry point around 73600 if the price bounces off the support line.
Long term bearish trend is still in play an could present an opportunity if the price tests around the 74730 mark.
One to keep an eye on
Note
Correction:Short @ 74370
Stop @ 74570
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.
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.