AUDUSD been quite bullish since last week and now if we take a look more closely, Market has been closed at previous rejection level.
Respected rejection area. Both 1D and 1W TF didn't break previous resistance.
RSI indication overbought also.
Gartley Pattern can also be seen.
4H,1H TF shows some consolidations meaning strong resistance area.
Still moving in bearish flag, indicating downward momentum..
If fundamentals aren't gonna take over then we might be seeing a bearish momentum.
Market might open of Tuesday, Let's see how AU performs in coming days.
#STAYHOME#STAYSAFE :)
Respected rejection area. Both 1D and 1W TF didn't break previous resistance.
RSI indication overbought also.
Gartley Pattern can also be seen.
4H,1H TF shows some consolidations meaning strong resistance area.
Still moving in bearish flag, indicating downward momentum..
If fundamentals aren't gonna take over then we might be seeing a bearish momentum.
Market might open of Tuesday, Let's see how AU performs in coming days.
#STAYHOME#STAYSAFE :)