OANDA:AUDUSD   Australian Dollar / U.S. Dollar
as we can see here on the AUD/USD chart price has been trending sideways between the 2 major pink support and resistance levels for a little while now. previously price has come down to test the support level but however has broken past it, as a fake-out, to then move back to the upside to the previously trending area, before it broke out. now we can see that price is at a previous consolidation level where it before had a breakout to the upside. at this level, we should be looking for price to break through the top or bottom support and resistance levels before placing a buy or a sell. so with strong signs of momentum through a candle breakout and either other uses of confirmation, we should wait patiently and see how we can approach this market scenario.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out