AUDUSD is gearing up for a massive sell on the Daily given it's bearish flag pattern.
On the 4hr we can see another flag pattern expanding out on the top side, meaning that it may have over-run and the bottom is set to break.
We expect price to find resistance very soon before breaking lower towards the bottom of the Daily flag pattern, where we will then reassess.
On the 4hr we can see another flag pattern expanding out on the top side, meaning that it may have over-run and the bottom is set to break.
We expect price to find resistance very soon before breaking lower towards the bottom of the Daily flag pattern, where we will then reassess.