AUDUSD can move to both directions. However i forecast one more down movement for multiple reasons:
1) Strength of both currencies ( i have my own way to measure strength for each currency), AUD is overbought and USD is oversold
2) Hidden Divergence points out a trend continuation.
However as always i have (and every trader should have) a level that invalidate the trade. If it breaks to the top i am not interested before i see a correction.
Thank you for your support
1) Strength of both currencies ( i have my own way to measure strength for each currency), AUD is overbought and USD is oversold
2) Hidden Divergence points out a trend continuation.
However as always i have (and every trader should have) a level that invalidate the trade. If it breaks to the top i am not interested before i see a correction.
Thank you for your support