AUDUSD: The Price Has Been In a Strong 20-Month Downtrend
AUDUSD: The Price Has Been In a Strong 20-Month Downtrend
If you will check the daily chart on AUDUSD you will see that
the price is moving in a strong bearish trend for the last 20-months.
Also on lower time frames, the only bullish movements are corrective.
Technical Analysis:
Price is still in a free fall.
We can see any potential correction like it did in the past.
If the price will correct again it can also continue moving lower from the
actual price position.
Thank you and Good Luck!
If you will check the daily chart on AUDUSD you will see that
the price is moving in a strong bearish trend for the last 20-months.
Also on lower time frames, the only bullish movements are corrective.
Technical Analysis:
Price is still in a free fall.
We can see any potential correction like it did in the past.
If the price will correct again it can also continue moving lower from the
actual price position.
Thank you and Good Luck!
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