FREE ANALYSIS ON AUDUSD - More upside as previously analysed

FX:AUDUSD   Australian Dollar / U.S. Dollar

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15 Min
Bearish Momentum found here. Price below all 3MA's. expecting price to go towards the physiological levels of 0.70075 and 0.69900

45 Min
MACD and Stoch RSI both going down. MA 27 and MA 100 both crossed over to the downside. Importantly, there is a bullish divergence forming on this time frame. so expecting moves to the upside.

We are currently seeing a retracement of the recent bull run which started 10th July. Price broke down the 27day MA. The 100 & 200 MA's are seating within the buy zone, so expecting price to test one of them before we see the continuation of the bull run.

I am currently expecting more upside on the pair. Watch out for the buy zone.
Thanks for reading

See previous analysis

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