AUDUSD moves sideways in a range between 1.0507 and 1.0585

AUDUSD moves sideways in a range between 1.0507 and 1.0585. Support remains at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the sideways move could be treated as consolidation of the uptrend from 1.0287, and another rise to test 1.0624 (Sep 14 high) is still possible after consolidation, only a clear break below the channel support could signal completion of the uptrend.

audusd

Daily Forex Analysis

CategoriesUncategorized