AUDUSD Pulling Back towards a strong supply zone
AUDUSD has broken out of its 2 weeks ascending channel, and took out a previous structural low at 0.657, indicating a change of trend for the pair.
Price has also retraced upwards, creating equal highs, and currrently holding support at a major key level of 0.654.
Price may want to take out the equal highs created at 0.662, triggering buy stops orders, & stopping out early sellers, generating liquidity , and tapping into the Major supply zone at 0.665- 0.667 before pushing downwards, to below 0.65
Price has also retraced upwards, creating equal highs, and currrently holding support at a major key level of 0.654.
Price may want to take out the equal highs created at 0.662, triggering buy stops orders, & stopping out early sellers, generating liquidity , and tapping into the Major supply zone at 0.665- 0.667 before pushing downwards, to below 0.65