AUDUSD - Northward bound to 0.8950
After four years of a declining aussie dollar, and price reaching close to GFC levels, there has been a slow recovery.
Around mid 2016 price started to trend higher until the first quarter of 2018. There was that stop run again, during New Year 2019, to re-test the lows of 2016 and produce a double bottom.
This movement put price right into the buy zone on the weekly and daily charts. With the MACD confirming a divergence with price, I'm long with my first target of 0.8950.
Around mid 2016 price started to trend higher until the first quarter of 2018. There was that stop run again, during New Year 2019, to re-test the lows of 2016 and produce a double bottom.
This movement put price right into the buy zone on the weekly and daily charts. With the MACD confirming a divergence with price, I'm long with my first target of 0.8950.
Time is the only true currency...how will you spend yours and what value will you receive?