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AUDUSD made a break to the downside last week. What now?

Last week, AUDUSD took a downward turn, breaching the boundaries of a pre-established "red box" with a lower range of 0.6564 - 0.6572. This deviation from the swing area appeared to fortify the confidence of sellers, culminating in a further dip to a low of 0.64898 last Thursday.Although a slight correction has been witnessed since then, in today's trading the high of 0.65587 still fell short of revisiting the aforementioned swing area between 0.6564 and 0.65726. The current trading price is hov... Read More

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Audusd

Made

Break

Downside

Last

Week

What

Now

Forex

Posted: May 30 2023, 16:40

Author Name: forexlive

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