AUDUSD
AUDUSD is still sideway in the range 0.64461 - 0.65490. AUDUSD has not confirmed its uptrend while even bearish engulfing continues to form, indicating that the downtrend is still going on. The MA8 and MA20 which are starting to go flat also indicate that the AUDUSD trend is starting to lose its way, so it is better to wait for the certainty of the trend before entering. Be careful, because today is the last day of the month. Where is the possibility that the price will make a correction to close the monthly candle.
Possible to take
We better wait for trend confirmation before entry in this pair.
R3 0.66535
R2 0.65720
R1 0.65490
PV 0.64461
S1 0.63828
S2 0.63112
S3 0.62548
AUDUSD is still sideway in the range 0.64461 - 0.65490. AUDUSD has not confirmed its uptrend while even bearish engulfing continues to form, indicating that the downtrend is still going on. The MA8 and MA20 which are starting to go flat also indicate that the AUDUSD trend is starting to lose its way, so it is better to wait for the certainty of the trend before entering. Be careful, because today is the last day of the month. Where is the possibility that the price will make a correction to close the monthly candle.
Possible to take
We better wait for trend confirmation before entry in this pair.
R3 0.66535
R2 0.65720
R1 0.65490
PV 0.64461
S1 0.63828
S2 0.63112
S3 0.62548