AUDUSD Rejects Continued Move to the Upside, Wait for Pullback
AUDUSD saw a strong rally earlier this week as the dollar was weakened by trade war optimism and Trump's bearish comment. Nevertheless, price has managed to sharply fall below support after consolidation.
Scenario One (bearish rally): Price continues to fall to the downside as key support is rejected.
Scenario Two (another test): Price jumps back up to previous levels to re-test this zone.
Scenario One (bearish rally): Price continues to fall to the downside as key support is rejected.
Scenario Two (another test): Price jumps back up to previous levels to re-test this zone.