WEEKLY ANALYSIS AUDUSD! VULNERABLE NEWS AHEAD OF AUD!
Good day traders! Hope you all are enjoying your pleasant weekend! Take some time to clear your mind and come back stronger into the market again! Everything will be alright!
AUDUSD has rejected to move higher on Friday and closed in bearish pinbar candlestick under weekly candlestick. The upcoming week will be a challenging week ahead of AUD as major data and news will be announced. Therefore, expect AUD to lose some strength.
A push to the downside is most likely to happen and ideally to retest the trendline which lies at 0.7043.
Do enter the trade with your own risk management control. It's not about you versus the market, it's always you versus yourself.
Happy trading!
AUDUSD has rejected to move higher on Friday and closed in bearish pinbar candlestick under weekly candlestick. The upcoming week will be a challenging week ahead of AUD as major data and news will be announced. Therefore, expect AUD to lose some strength.
A push to the downside is most likely to happen and ideally to retest the trendline which lies at 0.7043.
Do enter the trade with your own risk management control. It's not about you versus the market, it's always you versus yourself.
Happy trading!