AUDUSD still trading consolidation range (week 3)
CONT : from previous week analysis
AUDUSD has been on an overall bearish regression since 2018 , and a clear 3 white soldiers have been formed on the M1 time frame( monthly) , this a significant bullishness for AUDUSD .
never the less i expect price to retest the previous resistance turned support 0.70687 .before making a retest and price would trade in the consolidation range .
i.e either to continue the bearishness or the bullishness of the pair .
we should also expect a consolidation between the range of 0.69462 - 0.70748 . this is where smart money is .
before market makers make their decisions
stay positive
AUDUSD has been on an overall bearish regression since 2018 , and a clear 3 white soldiers have been formed on the M1 time frame( monthly) , this a significant bullishness for AUDUSD .
never the less i expect price to retest the previous resistance turned support 0.70687 .before making a retest and price would trade in the consolidation range .
i.e either to continue the bearishness or the bullishness of the pair .
we should also expect a consolidation between the range of 0.69462 - 0.70748 . this is where smart money is .
before market makers make their decisions
stay positive