In light of recent developments, AUDUSD has successfully broken free from the sideways trend it has maintained since February, following a decisive breach of a prominent support level. This breakthrough strongly indicates the persistence of the bearish trend that commenced last year.
Given these circumstances, I hold the expectation of an ongoing downward trajectory in the price of AUDUSD. However, it is crucial to remain attentive to any potential shifts in market conditions that could lead to a price reversal. Should such a reversal occur, I am prepared to adjust my bias accordingly.
What are your insights on this?
Given these circumstances, I hold the expectation of an ongoing downward trajectory in the price of AUDUSD. However, it is crucial to remain attentive to any potential shifts in market conditions that could lead to a price reversal. Should such a reversal occur, I am prepared to adjust my bias accordingly.
What are your insights on this?