AUD/USD Might Prepare for a New Descent

Jun 07,2019 01:58   Source:Earnforex
The Australian dollar versus the US dollar is just in the right spot for the bears to begin a new descent. Long-term perspective It seems like the price is in a well defined resistance zone and in a well suited shape for a move to the south to occur. The resistance zone is etched by the trendline projected after uniting the highs of February 16, 2018, and December 3, 2018, respectively, and by the area confined to 0.7055 and 0.7013. To this, a bearish pattern adds — a bearish […]

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