I've broken down the AUDUSD and I've come to a conclusion that two things could possibly happen.
We currently have a decent support zone at around 0.7600 which has been tested twice wile rallying up to
our resistance of .07667 which has proven to be a major key level historically.
We have also broken our official parallel channel a which is giving us a sign of a reversal to take place.
Two things could possibly happen, either we break our support retest as resistance and rally down or price
could form a higher low and higher high, break our resistance and rally long.
We currently have a decent support zone at around 0.7600 which has been tested twice wile rallying up to
our resistance of .07667 which has proven to be a major key level historically.
We have also broken our official parallel channel a which is giving us a sign of a reversal to take place.
Two things could possibly happen, either we break our support retest as resistance and rally down or price
could form a higher low and higher high, break our resistance and rally long.