Bearish Reversal Incoming on $AUDUSD
The price is showing clear rejection from a rising trendline, indicating potential weakness in the bullish momentum.
As the market forms a lower high, we anticipate a strong move down towards the key 0.6660 level, where liquidity sits.
The trendline break aligns with the overall bearish bias for further downside continuation.
As the market forms a lower high, we anticipate a strong move down towards the key 0.6660 level, where liquidity sits.
The trendline break aligns with the overall bearish bias for further downside continuation.
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iSmashProfit
Related publications
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.