AUDUSD - Another pair that has arrived at the crossroads
This pair has come to a very big trend deciding step. The historic resistance/support area at the 0.88 - 0.89 area is a very important and dominant one. The next 1-3 days should show clearly which path it will go depending on where the closes are on this area.
If it fails to break the resistance this time (triple top) the target at 0.868 would only be the first step, lower lows are possible from here.
The bullish scenario would give me a primary target at 0.89 - 0.90.
Definitly keep an eye on it since these are the trades with the best risk/reward ratio, right after a important support/resistance breach!
-DogeBuffet
If it fails to break the resistance this time (triple top) the target at 0.868 would only be the first step, lower lows are possible from here.
The bullish scenario would give me a primary target at 0.89 - 0.90.
Definitly keep an eye on it since these are the trades with the best risk/reward ratio, right after a important support/resistance breach!
-DogeBuffet