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AUDUSD starting to reverse nicely, watch break of major support

Por Tickmill
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AUDUSD is starting to reverse nicely! We are still in an ascending channel that stretches all the way back to December 2017 so only a break of this major channel would trigger a much more bearish move. Right now we’re seeing a close below 0.7988 as the first sign that a possible reversal could be occurring.

RSI (34) sees an ascending support line holding up price really well too. Only a break of this major ascending support line would be the first precursor that a drop might be occurring.

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audAUDUSDaudusdforecastaudusdlongaudusdsellaudusdshortaudusdsignalChart PatternsForexHarmonic PatternsTrend AnalysisUSD
Tickmill
Corretora
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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