AUDUSD Forex Weekly - 5 - 9 Oct 2020
AUD/USD consolidates the recovery below 0.7200 following Friday’s downbeat performance. US President Donald Trump's recovery news combined with the improvement in the Australian NAB Business Survey lifted the overall market sentiment.
Technically, price has made into inside pitchfork channel and currently hovering resistance median line. We are looking at a complete cycle swing into upper line major resistance level with a confirmation of break above median would take price move higher
Technically, price has made into inside pitchfork channel and currently hovering resistance median line. We are looking at a complete cycle swing into upper line major resistance level with a confirmation of break above median would take price move higher