Hey traders,
I see some bearish momentum on AUDUSD. We need to be a little patient and wait for the break, but if it breaks the resistance area (and MA100) it will drop to around the intersection of next support area, bottom of descending channel and (!) MA200. Around 0.692 is our target.
Let's see! Let me know what you think.
I see some bearish momentum on AUDUSD. We need to be a little patient and wait for the break, but if it breaks the resistance area (and MA100) it will drop to around the intersection of next support area, bottom of descending channel and (!) MA200. Around 0.692 is our target.
Let's see! Let me know what you think.