Within the video above, I check out the AUDUSD from a technical perspective.
This week, the worth motion has been up and down unstable. Right now, the low was pushed with the worth shifting down to check a decrease upward sloping pattern line. That pattern line was damaged on 2 separate events. Every failed. The pattern line cuts throughout close to 0.6515. It could take a break below- and staying under – to extend the bearish bias.
On the highest aspect this week, the worth has been capable of lengthen above each its 100 day shifting common at 0.6549. Every of the 2 instances the worth has been capable of lengthen above that stage, the patrons have failed and the worth has rotated again to the draw back.
