An interesting situation I'm monitoring on this pair, we are in a downtrend since January 2018, we reached strong monthly support and an inverted head and shoulder is forming.
The price could rise and touch/break the trendline or could bounce back and go again on the monthly support. At the moment Aussy is showing strength anyways. Let's wait for more confluence but it is interesting. Also, a Kumo Break is about to happen and Kijun 200 is in the same area of the trendline if it breaks it would be a really strong buy signal.
Just my vision
The price could rise and touch/break the trendline or could bounce back and go again on the monthly support. At the moment Aussy is showing strength anyways. Let's wait for more confluence but it is interesting. Also, a Kumo Break is about to happen and Kijun 200 is in the same area of the trendline if it breaks it would be a really strong buy signal.
Just my vision