FX:AUDUSD   Australian Dollar / U.S. Dollar
  • Top down analysis on AUDUSD

    A thread
Comment:

After the Bull Run that ended around August, market has been ranging on the daily timeframe. However, we can see a double bottom which price came back to retest its neckline and now heading to form a potential double top.
Comment:

On the 4 hour TF, we can see that price is at the resistance if the channel which is also very close to the resistance zone shown on the daily.
Comment:

On the 15 minutes timeframe, we have seen a triple top formation in which price is currently at its resistance zone.

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