AUDUSD closed @ 10655 which was BELOW the open and breached the previous day’s low.
The High was 15 pips from Precise Trader’s Res Zone 1 and the Low
was PRECISELY at Precise Trader’s Sup Zone 5 (U Turn Zone).
The Hourly Oscillators are Bearish and the Price is Mildly Below the MA, so the Bulls have to be Sidelined.
Hourly Trend is Sideways Down while 10760 holds and Daily Trend is
Sideways while 10520 holds, so expect the Price to be Choppy with a
potential to Break Lower.
The Daily time frame ,the Price is within the MA’s but horizontal
, the Bears gained towards the Close but was within range which
signifies a choppy session .
The Patterns are suggesting a range trading until the break.
The Hourly time frame, the Price is mildly below the MA’s and
pointing horizontal, the Oscillators are suggesting a downside bias.
The Patterns are suggesting a range trading until the break.
The 15min time frame, suggesting a choppy session until the break but
the downside may be limited,10705-60 are the Critical levels to watch
to maintain the Bearish Outlook The High/ Low for the Week may be
limited to 10795-10885/ 10575-25 levels.
The Opening Price Principles are suggesting that AUD is Weak against
four crosses, so Cautious approach is needed and High-Low time does not
give us good signals
