AUDUSD: Continuation of the downtrend or reversal at the lows?
AUDUSD is forming a sideways pattern after testing twice the area that has marked last August lows.
Are we going to see a double bottom to be formed at the daily chart or a break and a continuation lower? We trade the first scenario placing Buy orders at current levels adding more at 0.7115, setting the stops below 0.7095 and targeting 0.7190.
Are we going to see a double bottom to be formed at the daily chart or a break and a continuation lower? We trade the first scenario placing Buy orders at current levels adding more at 0.7115, setting the stops below 0.7095 and targeting 0.7190.