AUDUSD potential movement - SHORT
AUDUSD has been rising since Mar'20 non-stop, mainly due to the weakening Dollar.
1. We have reached a hard mental and physical resistance level at 0.70
2. Ranging since Jun'20 up to now in the flat channel
3. Price higher high while RSI lower low noted
4. Potential to break the uptrend channel
Potential SHORT at this level to the bottom of the channel at 0.68
1. We have reached a hard mental and physical resistance level at 0.70
2. Ranging since Jun'20 up to now in the flat channel
3. Price higher high while RSI lower low noted
4. Potential to break the uptrend channel
Potential SHORT at this level to the bottom of the channel at 0.68