Analysis of #AUDUSD
Hello friends,
AUDUSD has been flying for the past 9 green weeks and has risen 11 %, which is a huge percent and it been annoying quite frankly.
looking at the chart I see a huge upward channel and we are now pressing on the upper line/resistance line, if you look at the RSI it is showing a divergence signal which could indicate that the market is running out of momentum, but that doesn't matter if the dollar is not going to stabilize here.
I will be watching for today close here if we close below the high of yesterday, that will confirm my thoughts and give me a reason to start looking for a sell against a stronger currency like EUR, or GBP
I hope you will give this idea the support it needs from you, likes comments, and follow
🙏Appreciate the likes, comments, and follow
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Hello friends,
AUDUSD has been flying for the past 9 green weeks and has risen 11 %, which is a huge percent and it been annoying quite frankly.
looking at the chart I see a huge upward channel and we are now pressing on the upper line/resistance line, if you look at the RSI it is showing a divergence signal which could indicate that the market is running out of momentum, but that doesn't matter if the dollar is not going to stabilize here.
I will be watching for today close here if we close below the high of yesterday, that will confirm my thoughts and give me a reason to start looking for a sell against a stronger currency like EUR, or GBP
I hope you will give this idea the support it needs from you, likes comments, and follow
🙏Appreciate the likes, comments, and follow
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
