AUDUSD Week's Retest

10 мая 2021 г.

After price finally managed to break and close above 0.77500, we may be looking ahead for a move to 0.80000 resitance, but before this price must first retest the most recent key level which will act as Resistance turned Support before any further long movement. A break in the Intraday trendline (Orange) may also confirm price downward movement. Despite US fundamantals not exactly being in their favour, short sellers may claw their way to correct price, which is also in conjunction with a price restest on Gold as both pairs tend to be heavily correlated. If price fails to close above 0.78920 Resistance, we may see price tank all the way to 0.77500 until further notice. Thank you for reading through!
#charter_box
#walkittalkit