AUDUSD is trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the channel.
Currently the price is forming a local support around 0.6290 region and seems like buyers are getting ready for some serious move to upside.
Will the bulls take charge again continue for leg higher
AUDUSD was in bearish trend from last few days and now has given the breakout from falling trendline with strong bullish divergence.
Currently the price is creating a support zone with some healthy green candles and it seems like bulls are getting ready to take control.
What you guys think of it ?
