The AUDUSD market has been in consolidation within a descending channel for quite a while. Presently price action on the daily time frame is around the channel resistance where a pin bar formed last week Thursday. It is also in confluence with the daily pivot (0.77715). I expect bears to take price action southward and target the channel support.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
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