Last week, we were expecting the Australian Dollar to reach the resistance level highlighted on the chart. Instead, the price didn’t gather enough momentum and started to depreciate.
In the coming week, we expect the price to continue to drop and hit the support level.
We recommend caution when trading this pair as we find ourselves in the middle of a complex consolidation pattern.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we expect the price to continue to drop and hit the support level.
We recommend caution when trading this pair as we find ourselves in the middle of a complex consolidation pattern.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.