AUD/USD – Week 24 – Another drop expected.
Last week, we were expecting the Australian Dollar to reach the resistance level highlighted on the chart. Instead, the price didn’t gather enough momentum and started to depreciate.
In the coming week, we expect the price to continue to drop and hit the support level.
We recommend caution when trading this pair as we find ourselves in the middle of a complex consolidation pattern.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we expect the price to continue to drop and hit the support level.
We recommend caution when trading this pair as we find ourselves in the middle of a complex consolidation pattern.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Related publications
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.