AUD/USD Bouncing at the Support Level / Long Term View
🔸DAILY CHART EXPLANATION:
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🔸Price broke the Ascending Trendline.
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🔸It has bounced at the Resistance Zone and made a retracement towards the Support Zone.
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🔸Now, it is bouncing from there, so, we consider that price will make an upside move towards the previous highs.
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🔸 Will look for a lower timeframe bullish setup.
🔸WEEKLY CHART ANALYSIS:
.
.
🔸Price broke the Ascending Trendline.
.
🔸It has bounced at the Resistance Zone and made a retracement towards the Support Zone.
.
🔸Now, it is bouncing from there, so, we consider that price will make an upside move towards the previous highs.
.
🔸 Will look for a lower timeframe bullish setup.
🔸WEEKLY CHART ANALYSIS:
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