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Hello Guys ,
The AUD/USD pair break a monthly up trend last month but it couldn't keep its way down , facing a strong support at the level 0.7490 , and it is going to from a bulsih candlestick on the monthly chart ( check the chart ) , while it seems that the pair is stack between 0.7490 and 0.7570 ( check the weekly chart).
my reading for this situation is that the pir will rise to test the broken trend at 0.7670 before going further down .
The AUD/USD pair break a monthly up trend last month but it couldn't keep its way down , facing a strong support at the level 0.7490 , and it is going to from a bulsih candlestick on the monthly chart ( check the chart ) , while it seems that the pair is stack between 0.7490 and 0.7570 ( check the weekly chart).
my reading for this situation is that the pir will rise to test the broken trend at 0.7670 before going further down .