AUD/USD Analysis
Weekly - Week of 5/1 candle closed as Indecisive bear doji. Rejecting off weekly 20 & 50 ema. Continuation signs from double top swing lower from week of 3/20.
Daily - Daily candle from 5/5 closed as bullish low test off of key support of 0.7400. Upside resistance at 0.7500 (trendline, key resistance, 20ema)
Based on my analysis of price action price is set to consolidate, it didn't break 0.75 to 0.74 and will consolidate until supply or demand inreases
Daily - Daily candle from 5/5 closed as bullish low test off of key support of 0.7400. Upside resistance at 0.7500 (trendline, key resistance, 20ema)
Based on my analysis of price action price is set to consolidate, it didn't break 0.75 to 0.74 and will consolidate until supply or demand inreases
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