Good morning traders.
Here is the update on the daily key levels for AUDUSD. As you can see the levels remain the same as price consolidated throughout most of the day yesterday. S1 was not broken, it was respect to the pip and held throughout the entire U.S. session. R1 was never even contested. The focus still remains to the downside, however price action suggests it may be forming a bottom. The day's close today will be very insightful on the direction this pair intends to go in for the rest of the week.
Enjoy!
Here is the update on the daily key levels for AUDUSD. As you can see the levels remain the same as price consolidated throughout most of the day yesterday. S1 was not broken, it was respect to the pip and held throughout the entire U.S. session. R1 was never even contested. The focus still remains to the downside, however price action suggests it may be forming a bottom. The day's close today will be very insightful on the direction this pair intends to go in for the rest of the week.
Enjoy!
