Aussie starting to form a base here...
=> AUDUSD (Weekly TF)
=> AUDUSD has been under severe pressure following the loss of the May 2016 lows
=> We expect the pair to find some short term footing via soft profit taking in the weeks ahead, with resistance at 0.7127 and 0.7170.
=> Although we like a bounce here at these levels, there is still plenty of room underneath towards the 0.6827 lows from 2016.
=> Best of luck
=> AUDUSD has been under severe pressure following the loss of the May 2016 lows
=> We expect the pair to find some short term footing via soft profit taking in the weeks ahead, with resistance at 0.7127 and 0.7170.
=> Although we like a bounce here at these levels, there is still plenty of room underneath towards the 0.6827 lows from 2016.
=> Best of luck
