AUDUSD is a forex instrument that has 5.4% of trading volume.
AUDUSD have been consolidatiing in the rectangle for past 2 month. It break to the downside but proved to be a fakeout. and market reversed and ended up back in channel.
AUDUSD is expected to be bullish for next week.
Reason :
Fakeout and very nice volume comeback to channel.
Price > 5 EMA >13...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
