🥇 AUD/USD End of The Uptrend? 🥇

🥇 AUD/USD End of The Uptrend?

🥇 Nearest strong support zone: around the 0.382 level of the entire upward wave.

🥇 Nearest strong resistance zone: around recent highs.

🥇 Technical environment:

- Moving averages: Uptrened

- MACD: Downtrend (Divergence)

- RSI: Downtrend (Divergence)

- Supertrend: Uptrend

🥇 Price action: AUD/USD is clearly struggling to rise, this could be seen from the perspective of the last two weeks, in which the price repeatedly attempted to rise but was just as quickly knocked down. I don't think we will find in the current price situation an opportunity to break out new highs, a downward correction seems more likely at the current moment.

🥇 The scenario I play out is the start of a downward correction to the vicinity of support zones. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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