Even though AUDUSD broke the major 4h support trendline in my earlier posts (linked below), there is still not a lot of movement down.
AUDUSD is not particularly weak, and USD has received some bad news regarding GDP, so I wait.
The only thing halting price from falling, technically speaking, is the presence, once again technically speaking, of the short term support trendline you see buffering price. Keeping my eyes peeled for now, AUDNZD has already reversed, not too long now I suspect.
AUDUSD is not particularly weak, and USD has received some bad news regarding GDP, so I wait.
The only thing halting price from falling, technically speaking, is the presence, once again technically speaking, of the short term support trendline you see buffering price. Keeping my eyes peeled for now, AUDNZD has already reversed, not too long now I suspect.
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Plenty of pips here for everyone, enjoy.
