AUDUSD - Daily chart analysis
Starting off with AUDUSD, a lot of AUD pairs seem to turn bearish.
Here's why I don't see a breakout to the upside on the daily chart: 1) a lower high and a rejection from the resistance 2) looking weak around the 100 EMA 3) Friday's candle close below the 20 EMA and the support line.
Here's why I don't see a breakout to the upside on the daily chart: 1) a lower high and a rejection from the resistance 2) looking weak around the 100 EMA 3) Friday's candle close below the 20 EMA and the support line.
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