AUDUSD bounce or die
Trading inside an uptrend channel but already below some EMAs and lacking strength to bounche it looks like we are going to keep falling to 0.746x area where EMA 200 is located as well.
Considering the run of the USD and its recovering economy it looks that shorts are appropriate once the confirm the downtrend channel.
Considering the run of the USD and its recovering economy it looks that shorts are appropriate once the confirm the downtrend channel.
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And it bounced from the support lower trendline BUT I am not confident that will resume the uptrend at this moment. I'm more inclined to a breakout. Awaiting the right spot to open short positions.
Feragatname
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