AUD/USD Long Term View by ThinkingAntsOk
Daily Chart Explanation:
This pair has been on a bearish trend for the last two years, and recently has found a support zone at 0.6700. It has been moving sideways since then, but now it is about to face the Descending Trendline again. We expect a bounce there and a potential retest of the Support zone, and, if the support zone is broken, then there is potential for a stronger bearish movement explained below on the Weekly Chart.
This pair has been on a bearish trend for the last two years, and recently has found a support zone at 0.6700. It has been moving sideways since then, but now it is about to face the Descending Trendline again. We expect a bounce there and a potential retest of the Support zone, and, if the support zone is broken, then there is potential for a stronger bearish movement explained below on the Weekly Chart.