The AUDUSD had a significant rally last night and now retrace part of it after hitting the upper trendline. The resistance is at 1.018 and support is at 1.003 area
The AUDUSD is still inside the rising wedge. Price may move upside to reach 1.018 to form a double top before going down. Any break of the wedge on the downside indicate bearish sentiment.
By The Backyard Burner
No comments:
Post a Comment