AUDUSD Monthly Outlook
Monthly Outlook
Bias; bearish
My bias is based on the following confluences:
Price bounced off 61.80 Fib retracement which also coincides with the 0.7000 Psychological whole number and printed a Bearish engulfing candle on the monthly time-frame. This signals a reversal, from the short-term bullish correction to the long-term bearish continuation.
Bias; bearish
My bias is based on the following confluences:
Price bounced off 61.80 Fib retracement which also coincides with the 0.7000 Psychological whole number and printed a Bearish engulfing candle on the monthly time-frame. This signals a reversal, from the short-term bullish correction to the long-term bearish continuation.
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