As I have mentioned before, the Masterchart for AUDUSD is 1500 pips divided into
two equal parts of 750 pips each i.e. 0.9500, 1.0250, 1.1000. If you look at the
monthly chart 1.0250 has been holding for the the past four months. The weekly
candle broke it once and jumped back again and is currently consolidating
between 1.0250 and 1.0420. The monthly charts says a re-test of 1.0650 is a
possibility, but the weekly candle needs to break out of either 1.0250 and
1.04200 for us to know the direction.
No comments:
Post a Comment