Trading Strategies

AUD/USD Weekly Outlook

AUD/USD’s strong rebound and break of 0.7243 resistance last week argues that consolidation pattern from 0.7413 has completed at 0.6991 already. Further rise is expected this week for retesting 0.7413 first. Firm break there will resume larger rally from 0.5506. On the downside, however, break of 0.7144 minor support will mix up the near term
The post AUD/USD Weekly Outlook appeared first on Action Forex.

AUD/USD’s strong rebound and break of 0.7243 resistance last week argues that consolidation pattern from 0.7413 has completed at 0.6991 already. Further rise is expected this week for retesting 0.7413 first. Firm break there will resume larger rally from 0.5506. On the downside, however, break of 0.7144 minor support will mix up the near term […]

The post AUD/USD Weekly Outlook appeared first on Action Forex.

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