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Wednesday, April 5, 2023

Technical: AUDUSD: Watch for These Bearish Triggers

Forex Factory
 
 
Alert Alert Apr 5, 2023, 11:34pm
 
Technical: AUDUSD: Watch for These Bearish Triggers
The Australian dollar has performed beautifully so far this week. I mentioned this ascending channel on March 28th and again in Saturday's weekly forex forecast, which AUDUSD is so far respecting perfectly. If we contextualize this channel with the downtrend that began in February, it looks like a bear flag pattern. However, as mentioned last week, we can't ...
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