Near the resistance zone! The upper line of a falling channel, horizontal resistance.
In a clear 5 wave impulse structure, the price is in the fifth. RSI indicator above 80!
These circumstances suggest me the dollar falling will be stopped and it will strike back soon. There can be failed to break out of the channel above 0.71, but I won't buy it. Patiently waiting for the reversal and follow closely the AUDUSD.
In a clear 5 wave impulse structure, the price is in the fifth. RSI indicator above 80!
These circumstances suggest me the dollar falling will be stopped and it will strike back soon. There can be failed to break out of the channel above 0.71, but I won't buy it. Patiently waiting for the reversal and follow closely the AUDUSD.
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