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Price Flip Support in Play
Price on the daily chart of the AUDUSD is now trying to continue the long running trend higher it has been making since March this year.
After breaking lower with a 1,2,3 reversal pattern, price has since bounced back and is now back above the important price flip level.
This level has in recent times held as both a key support and resistance level.
If it holds now it could be a solid level to watch for intraday bullish trades for price to continue the march back into the next swing high resistance.
After breaking lower with a 1,2,3 reversal pattern, price has since bounced back and is now back above the important price flip level.
This level has in recent times held as both a key support and resistance level.
If it holds now it could be a solid level to watch for intraday bullish trades for price to continue the march back into the next swing high resistance.
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