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JB_FMO
19 aug 2019 20:45

AUDUSD Kort

Australian Dollar/U.S. DollarFXCM

Beskrivning

Really boring consolidation last week as we see a very weak Phase 2 movement
Look out for an exhaustion candle move up this week and if price stays below 0.6850-60 then there is a potential for a Phase 1 move back to the downside
A move above the level could signal that the weekly chart has bottomed out. Interesting to note that the Pre-Election seasonal cycle shows price consolidating till the end of the month before a move back up.
Mer