AUDUSD, One of the Most Interesting majors?
Timeframe: Monthly
Method: Price Patterns
AUDUSD could be one of the most interesting assets for the year. Looking at the areas in the chart, 0,70 and 0,6680 are levels that lead the prices to be support for a long time or resistance area. For example, from 2015 to 2019, 0,7000 was a very supportive area. From August 2019 to January 2020 the area between 0,70 and 0,6680 was the tading range with 0,70 as a big resistance.
Movement Expected: Linking this idea to EURUSD, probably we could see a move under 0,70 and then a reverse between 0,70 and 0,6680.
Method: Price Patterns
AUDUSD could be one of the most interesting assets for the year. Looking at the areas in the chart, 0,70 and 0,6680 are levels that lead the prices to be support for a long time or resistance area. For example, from 2015 to 2019, 0,7000 was a very supportive area. From August 2019 to January 2020 the area between 0,70 and 0,6680 was the tading range with 0,70 as a big resistance.
Movement Expected: Linking this idea to EURUSD, probably we could see a move under 0,70 and then a reverse between 0,70 and 0,6680.
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