AUDUSD, “Australian Dollar vs US Dollar”

On H4, the quotations are trading above the 200-days Moving Average, suggesting an uptrend. However, the price is already in the overbought ...


On H4, the quotations are trading above the 200-days Moving Average, suggesting an uptrend. However, the price is already in the overbought area. This means that a correctional decline is possible. The decline will be preceded by a breakaway of 8/8. The aim of the correction will be 7/8. The scenario will be canceled by a breakaway of +1/8, which might lead to furthe growth of the price to +2/8.

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