Since mid-August, AudUsd is trading in a range.
Last week the pair tried to break under support and failed. The pair reversed and tested 0.65 zone resistance once more, a level at which bears sold the pair aggressively, leaving a long-tailed Pin Bar on our chart.
At the time of writing the pair is dropping once more and this time is very probable to have a genuine break of support if the pair touches this level again.
In this case, down continuation to the 0.62 zone is the most probable scenario.
As long as AudUsd is trading under 0.65 I'm bearish
Last week the pair tried to break under support and failed. The pair reversed and tested 0.65 zone resistance once more, a level at which bears sold the pair aggressively, leaving a long-tailed Pin Bar on our chart.
At the time of writing the pair is dropping once more and this time is very probable to have a genuine break of support if the pair touches this level again.
In this case, down continuation to the 0.62 zone is the most probable scenario.
As long as AudUsd is trading under 0.65 I'm bearish
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🌟 Premium Contact:
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