Is this a bottom for AUDUSD?
It's been a fantastic move lower, but is 0.6400 a spot for a reversal?
Nothing fundamental is serving as a catalyst for moving the pair in any direction for the rest of the year.
Trend: LSMA moving lower since 10/21/24
Momentum: Bearish
Japanese Candles: Inverted Hammer (imperfect) printed last week. Is this the bottom?
Chart Pattern: None
Support and Resistance: 0.6400 is Support, 0.6750 is a Bullish Target, 0.6200 is a Bearish Target
Fundamentals: No news this week or next
Trade: None
Stop: None
Nothing fundamental is serving as a catalyst for moving the pair in any direction for the rest of the year.
Trend: LSMA moving lower since 10/21/24
Momentum: Bearish
Japanese Candles: Inverted Hammer (imperfect) printed last week. Is this the bottom?
Chart Pattern: None
Support and Resistance: 0.6400 is Support, 0.6750 is a Bullish Target, 0.6200 is a Bearish Target
Fundamentals: No news this week or next
Trade: None
Stop: None
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Disclaimer
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For more analysis, signals, education, and more sign up for Forex Forecast. It's free.
positionforex.com/join-forex-forecast/
positionforex.com/join-forex-forecast/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.