DAILY CHART EXPLANATION:
🔸 "AUD/USD On the Reversal Zone":
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🔸 Price has been on a downtrend for more than two years.
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🔸 It is now facing the bottom of the Descending Channel, which is a reversal level.
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🔸 Be careful, we are considering this level as a rejection zone but just for a retracement of the downtrend, this is not a trend change.
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🔸 Will look for a lower timeframe bullish setup.
🔸4H CHART ANALYSIS:
🔸 "AUD/USD On the Reversal Zone":
.
.
🔸 Price has been on a downtrend for more than two years.
.
🔸 It is now facing the bottom of the Descending Channel, which is a reversal level.
.
🔸 Be careful, we are considering this level as a rejection zone but just for a retracement of the downtrend, this is not a trend change.
.
🔸 Will look for a lower timeframe bullish setup.
🔸4H CHART ANALYSIS: