This is a Daily chart for
AUDUSD
Price is trading at an important Fibo level 61.80% and also right under the EMA which is behaving as a resistance.
Scenarios :
1/ Price will break the 61.80% level and also the EMA, this will give much room to the upside, next target will be the near-term resistance.
2/ Price will fail to break Fibo level, as this resistance will hold, next target will be the near-term resistance at the same time it's the long term trend line which is still holding.
Updates will be available later.
This is not a signal, it's just my opinion, Good luck
AUDUSD
Price is trading at an important Fibo level 61.80% and also right under the EMA which is behaving as a resistance.
Scenarios :
1/ Price will break the 61.80% level and also the EMA, this will give much room to the upside, next target will be the near-term resistance.
2/ Price will fail to break Fibo level, as this resistance will hold, next target will be the near-term resistance at the same time it's the long term trend line which is still holding.
Updates will be available later.
This is not a signal, it's just my opinion, Good luck
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