Hey traders,
On AUDUSD on the daily chart we can see that price has started to move back down after testing the mini blue trendline.
The overall bigger green trendline is intact, and right now it looks like bears are in control.
Bears will be looking to continue to push price down.
But if buyers can push past the blue trend line we may see another retest of the green trend line before further action can be determined.
On AUDUSD on the daily chart we can see that price has started to move back down after testing the mini blue trendline.
The overall bigger green trendline is intact, and right now it looks like bears are in control.
Bears will be looking to continue to push price down.
But if buyers can push past the blue trend line we may see another retest of the green trend line before further action can be determined.