Aud/USD Reversal or Correction?
This past week the Aussie dollar did a reversal from the 100day Moving Average, right below the .6600 mark, then corrected to .6419 at the end of closing day on Friday. The questions are will this continue into next week or is it a correction for higher test of .6600?
Looking at the chart above, I’ve provide you with a weekly chart. On this weekly chart you will notice that the previous candlestick ended with a reversal after it reached resistance in the middle of the volunteer band.you with a weekly chart. On this weekly chart, you will notice that the previous candlestick ended with a reversal after the prices reached resistance in the middle of the Bollinger band.
This is to imply that the coming week the Australian dollar is heading lower. See weekly support and resistance below.
#forex #forextrading #forextrader #sophisticatedtrader #currencytrading #currencytrader #makingmoneyonline #financialeducation #education #bossmom #singlemom #momlife #learnforex #investing #makemoneyonline
English