AUDUSD reached a solid daily resistance.
After a test of the underlined blue area, the pair started to consolidate within
a horizontal range on an hourly time frame.
Its support violation is a change of character and signifies a highly probable
local dominance of sellers.
I expect a bearish movement to 0.648
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building liquidity both sides. I guess everyone is holding their buy position. So, to grab liquidity market needs to go in 4hr un mitigated demand zone i.e 1.07000 area. Buy only after lower time confirmation
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Using Trend lines and due to the low confidence index today which caused the fall of stock I feel that there is going to be a short bullish move for the OIL
My analysis came from Fundamental impact and technical moves.
What's your take on the oil
Let me know in the comment section below
With a major resistance at 1902 and major support at 1854
Now the market at 1876 mid support, it ain't clear if it is going to be bearish or Bullish
We wait for a confirmation entry level.
Like and leave your opinion in the comments section
