AUD/USD: Our analysis has been confirmed!
Our yesterday’s analysis has been confirmed.
On the daily, prices crossed the KUMO and the movement has been validated by LS which crossed its triple support KS, TS, and SSB.
On M15, prices are dealing with their TS. We also drew a trendline. Prices should converge around this trendline. Since KS’s curve is pointing downards, it’s likely that prices are going to go down again. Watch this level. Should prices hold this level, it could be a signal that the bearish trend is temporarily fading. Nevertheless the daily outlook seems negative for the pair.