AUDUSD: The First Move is Done! More Weakness is Expected
AUDUSD: The First Move is Done! More Weakness is Expected
From the previous analysis the price already reached the first target.
USD seems stronger after FOMC and the bullish volume pushed the price down
further by breaking in this way the support trend line of the wedge pattern.
More weakness is expected during the coming days considering that all
the important events already finished.
Targets on the chart!
Thank you and Good Luck!
Previous Analysis:
From the previous analysis the price already reached the first target.
USD seems stronger after FOMC and the bullish volume pushed the price down
further by breaking in this way the support trend line of the wedge pattern.
More weakness is expected during the coming days considering that all
the important events already finished.
Targets on the chart!
Thank you and Good Luck!
Previous Analysis:
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