AUD/USD – Week 33 – Expecting a bullish break-out.
In our previous outlook, we anticipated the price to finish the correction and break the low before starting a reversal. Instead, the pair made an accumulation area and continued the correction.
For next week, we expect the price to break out from the rectangle and head towards the resistance area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For next week, we expect the price to break out from the rectangle and head towards the resistance area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
