AUD/USD - ST play on sideways pattern
Lots of sideways movement on the USD AUD recently. Only three times a strong channel has been broken in July and there is good support & resistance established in July. MAs converged for nearly 85 periods
Entry point around 73600 if the price bounces off the support line.
Long term bearish trend is still in play an could present an opportunity if the price tests around the 74730 mark.
One to keep an eye on
Entry point around 73600 if the price bounces off the support line.
Long term bearish trend is still in play an could present an opportunity if the price tests around the 74730 mark.
One to keep an eye on
Short @ 74370
Stop @ 74570