As you can see it is doing higher highs and higher lows so at the moment its about to hit a resistance on the weekly chart
so we are expecting the pair to be bearish
Also as you can see on H4 and H! chart a pullback is already starting but it could be a false breakout also i put my stop loss above the resistance so if it does break the resistance we know its just going to stay bullish quite some time
so we are expecting the pair to be bearish
Also as you can see on H4 and H! chart a pullback is already starting but it could be a false breakout also i put my stop loss above the resistance so if it does break the resistance we know its just going to stay bullish quite some time
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The resistance also showed as support in the past so we know it is a strong area for audnzd