AUDUSD: No sign of slowing down (LONG)
This one is pretty self explanatory. The speed of the fall on OCT 24th hints that the market is going back to those very same levels. The RSI is hinting at a minor pullback, perhaps to the Mov Avg before resuming the climb.
The significant price action to be looking at is the highlighted range... It serving as support is a strong confirmation of the aforementioned analysis. On the other hand a strong candle close below followed by a retest as resistance and subsequent push down would take us down to the lower support bands highlighted.
Regardless of which, plenty of ways to get involved in this one. Watch that range.
The significant price action to be looking at is the highlighted range... It serving as support is a strong confirmation of the aforementioned analysis. On the other hand a strong candle close below followed by a retest as resistance and subsequent push down would take us down to the lower support bands highlighted.
Regardless of which, plenty of ways to get involved in this one. Watch that range.
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