AwesomeAvani

Is UADUSD turning down?

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FX:AUDUSD   Dólar Australiano/Dólar Americano
UADUSD rose over 6% since the end of May. Can it go higher? Analysis on the 2H chart suggests

that it cannot. It is presently deep in the resistance/demand zone as delineated by the

luxalgo indicator. A long mult-session volume profile shows the high volume area fairly s

symmetrical about a POC line which roughly corresponds to a 50% Fibonacci retracement of

the uptrend which occurred from May 31st to June 16th. On the MACD the lines have crossed

and are trending down. I can easily conclude that the pair is likely to retrace. I will take a

short selling forex trade.
Aviso legal

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