Taking support from the 30 day and weekly trendline, the PRICE BAR is emerging out of the cloud with renewed strenghth for USD. Same trend is seen across USDAUD that supports emerging USD strength.
TP target is 50 pips.
TP target is 50 pips.
Comment:
Noticing the strong resistance at 1.3500, I closed off 5 trades at a profit of 10-12 pips each. Now sitting on the sidelines till the next price action becomes clearer. The 6 day trendline is starting to exercise strong downward pressure but we have yet to break the 30 day trendline decisively.