AUD/USD to the Resistance Zone / Multi-Timeframe
🔸4H CHART EXPLANATION:
.
🔸Price bounced at the Resistance Zone and it is moving on the edge of the Descending Trendline .
.
🔸We observe that yesterday there was a breakout, but given the volatility due elections we don't consider it as a clean one.
.
🔸We are waiting for a clear breakout and a consolidation above the trendline before considering any setup here. The target area is the Resistance Zone at 0.74000.
.
🔸Will look for a lower timeframe bullish setup.
🔸DAILY CHART ANALYSIS:
.
🔸Price bounced at the Resistance Zone and it is moving on the edge of the Descending Trendline .
.
🔸We observe that yesterday there was a breakout, but given the volatility due elections we don't consider it as a clean one.
.
🔸We are waiting for a clear breakout and a consolidation above the trendline before considering any setup here. The target area is the Resistance Zone at 0.74000.
.
🔸Will look for a lower timeframe bullish setup.
🔸DAILY CHART ANALYSIS:
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.