Hello Sophisticated Trader,
Since early June the $AUDUSD has held strong support of .6840, which is also the upward trend line support. At this point, I have lowered my expectation of a dip to .6700, even though this would be nice. But the $AUDUSD, is making a clear path, especially on the monthly chart for a potential test of .7200. With Monday and Tuesday being the end of the month, we are looking for volatility favoring the upside. However, a Daily close below .6840, would suggest a test of .6700.
Like, Comment, and Follow.
Let's Make Money Together!
Happy Trading!
Dr. Lydia Smith
Where we teach you what you need to know to be a profitable trader.
Since early June the $AUDUSD has held strong support of .6840, which is also the upward trend line support. At this point, I have lowered my expectation of a dip to .6700, even though this would be nice. But the $AUDUSD, is making a clear path, especially on the monthly chart for a potential test of .7200. With Monday and Tuesday being the end of the month, we are looking for volatility favoring the upside. However, a Daily close below .6840, would suggest a test of .6700.
Like, Comment, and Follow.
Let's Make Money Together!
Happy Trading!
Dr. Lydia Smith
Where we teach you what you need to know to be a profitable trader.
Telegram: t.me/sophisticatedtrader
Telegram: https//t.me/sophisticatedtraderchat
Website: sophisticatedtrader.com/
Facebook: www.facebook.com/Sophistictrader
Instagram: www.instagram.com/sophistictrader/
Telegram: https//t.me/sophisticatedtraderchat
Website: sophisticatedtrader.com/
Facebook: www.facebook.com/Sophistictrader
Instagram: www.instagram.com/sophistictrader/