lafayettej

AUDUSD: between a rock and a hard place.

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
we are currently in a zone of uncertainty in AUDUSD, could we break out above this monthly downtrend line with momentum and conformation then this might be the bottom of AU's long downtrend. if not and we break current support out next target might be the lower timeframe trendlines below.

I'm hoping for a break above. but for right now we're doing nothing until price leaves the red zone with conviction.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.