AUDUSD: Complete Indecision

FX:AUDUSD   Australian Dollar / U.S. Dollar

hey traders,

it is an educational post on AUDUSD .

I was asked a lot during this morning about AUDUSD future market direction for this week.

for now, it is quite complicated to say exactly.

  • from a bullish perspective, the pair has just reached 0.68 key structure support level.
    and after a strong selling reaction from 0.69 it can retrace with a high degree of chance.

  • from a bearish perspective, the market has retraced to 0.682 strong level of resistance
    + has just touched a minor falling trendline

for confirmation of a market futher direction pay close attention to 0.68 - 0.682 range,
the side of the breakout will determine the market further direction.

Please, support the idea with like and leave a comment, thank you!)

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