Note

AUD/USD ANALYSIS💹

· Views 256


The weekly chart shows that it remains above directionless 100 and 200 SMAs, although below a firmly bearish 20 SMA. At the same time, technical indicators consolidate within negative levels, suggesting that long-term buyers remain side-lined.


The daily chart offers a mildly bullish stance, as the pair stands above a flat 20 SMA while the longer ones maintain their bearish slopes above the current level. Meanwhile, technical indicators lose bullish strength within positive levels, still far from suggesting an interim top.


Beyond 0.7360, the advance could extend toward 0.7410 first and the 0.7480 price zone later. Such a strong rally, however, seems unlikely. Bears will likely retake control once the pair falls below 0.7250, eyeing then a slide toward the year low at 0.7105.


 #COPYTRADE#  #mytradingstory#  #OPINIONLEADER#  #Signal#  #nonfarmpayrolls#  #NewTraders#  #Todayanalysis# 

Edited 10 Oct 2021, 19:54

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.