AUDUSD: between a rock and a hard place.
we are currently in a zone of uncertainty in AUDUSD, could we break out above this monthly downtrend line with momentum and conformation then this might be the bottom of AU's long downtrend. if not and we break current support out next target might be the lower timeframe trendlines below.
I'm hoping for a break above. but for right now we're doing nothing until price leaves the red zone with conviction.
I'm hoping for a break above. but for right now we're doing nothing until price leaves the red zone with conviction.
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