Quick idea.
AUDUSD is stuck between the two lines. Although we are keeping a close eye on the medium-term upside support line, as it may continue providing decent support, still, we cannot talk about any upside even in the short run as long as the rate remains below a short-term downside line. We need a clear break of one of the highlighted areas first, before we could consider a further short-term directional move.
Please see the chart for details.
Don't forget your stop-loss.
AUDUSD is stuck between the two lines. Although we are keeping a close eye on the medium-term upside support line, as it may continue providing decent support, still, we cannot talk about any upside even in the short run as long as the rate remains below a short-term downside line. We need a clear break of one of the highlighted areas first, before we could consider a further short-term directional move.
Please see the chart for details.
Don't forget your stop-loss.
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