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-The Australian Dollar turned lower after testing trend resistance guiding the currency downward against its US counterpart since the start of the year, as expected. Prices have now broken rising counter-trend support set from the March swing low. That suggests that the dominant bearish bias is set to be reasserted after a corrective recovery has run its course.
-Trader sentiment studies warning sellers to proceed with caution
-Price targets are specified in the chart
Follow me for support and like the posts.
see you later
GOOD LUCKY
-The Australian Dollar turned lower after testing trend resistance guiding the currency downward against its US counterpart since the start of the year, as expected. Prices have now broken rising counter-trend support set from the March swing low. That suggests that the dominant bearish bias is set to be reasserted after a corrective recovery has run its course.
-Trader sentiment studies warning sellers to proceed with caution
-Price targets are specified in the chart
Follow me for support and like the posts.
see you later
GOOD LUCKY
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