USDAUD analysis...
Bulls are taking over?
With the breakout of the bearish trend + MA crossover, the new underlying bullish trend line has been doing justice.
Breakout of the current zone as well as respect with this bullish trend we can expect a new leg towards the Monthly Resistance level.
Once we get to this monthly level, we'll have to wait and see what price does.
- respect of resistance can have this pair hit the deck
- breakout can have this pair making a HUGE bullish leg all the way to 1.5785! as we'll have nothing from it chasing that previous swing high.
I do favour a BUY to the Monthly Resistance zone of 1.4350*
Patience is key..
Cheers..
Bulls are taking over?
With the breakout of the bearish trend + MA crossover, the new underlying bullish trend line has been doing justice.
Breakout of the current zone as well as respect with this bullish trend we can expect a new leg towards the Monthly Resistance level.
Once we get to this monthly level, we'll have to wait and see what price does.
- respect of resistance can have this pair hit the deck
- breakout can have this pair making a HUGE bullish leg all the way to 1.5785! as we'll have nothing from it chasing that previous swing high.
I do favour a BUY to the Monthly Resistance zone of 1.4350*
Patience is key..
Cheers..
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.