AudUsd- A bottom can be in place
After the drop to the 0.62 zone last week, AudUsd corrected and dropped again in that zone the next day.
Although the trend remains grossly down, bulls seem strong in the 0.62 zone and a rise could follow from this point on.
Resistance is very well defined just under 0.6350 and a break above this should lead to a deeper correction into 0.65 zone.
I'm bullish as long as 0.62 is intact and buy dips can be a good strategy
Although the trend remains grossly down, bulls seem strong in the 0.62 zone and a rise could follow from this point on.
Resistance is very well defined just under 0.6350 and a break above this should lead to a deeper correction into 0.65 zone.
I'm bullish as long as 0.62 is intact and buy dips can be a good strategy
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