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AUDUSD ANALYSIS (SELL)
AUDUSD seems vulnerable there has been a long respected falling resistance since 05 April which had traded with highest peak at around 0.76534. by that point then the Aussie keep falling like a Jo's waterfall🤑.
Believe me, Trading Aussie (Australian Dollar) against Greenback (USD) will be more profitable if we look at the falling trend channel, and XABCD HARMONIC PATTERN, I expect the extension of the price close below the C, because it's our previous resistance level with 0.66951.
The extension may go all the way down to 0.66759 or beyond, at an area of 0.64295.
Wait for the daily candle closure below C which is 0.66855 and if expect retest below the demand boundary, however it is not necessary to retest due to correctional movement that may probably occur during FOMC meeting.
Anyways guys. Don't rush, wait and we will keep you updated.
If you are willing to buy AUDUSD note that, it is not the right time, unless it is confirmed to continue Trading within the horizontal range area between C to below price of be that's 0.66919 to 0.70039, breaking area of B will invalidate our analysis because B stands for the last highest traded price since 12 August, and it is boundary of falling resistance and it was a resistance horizontally also.
Believe me, Trading Aussie (Australian Dollar) against Greenback (USD) will be more profitable if we look at the falling trend channel, and XABCD HARMONIC PATTERN, I expect the extension of the price close below the C, because it's our previous resistance level with 0.66951.
The extension may go all the way down to 0.66759 or beyond, at an area of 0.64295.
Wait for the daily candle closure below C which is 0.66855 and if expect retest below the demand boundary, however it is not necessary to retest due to correctional movement that may probably occur during FOMC meeting.
Anyways guys. Don't rush, wait and we will keep you updated.
If you are willing to buy AUDUSD note that, it is not the right time, unless it is confirmed to continue Trading within the horizontal range area between C to below price of be that's 0.66919 to 0.70039, breaking area of B will invalidate our analysis because B stands for the last highest traded price since 12 August, and it is boundary of falling resistance and it was a resistance horizontally also.
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