Contributors Technical Analysis AUD/USD Imminent Breakdown

AUD/USD Imminent Breakdown

Price increased a little today, but wasn’t able to reach the 0.7985 Friday’s high. It seems undecided right now because the USDX has managed to increase a little. Could retest the lower median line (LML) again, remains to see if we’ll have a breakdown or a bounce back. A breakdown is favored if the USDX will jump and will stabilize above the 92.49 static resistance.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version