AUD/USD Tweezer Bottom Support

in forex •  4 months ago 

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Direct from the desk of Dane Williams,
This is not your average forex broker blog.


Afternoon team,

We last spoke about AUD/USD holding higher time frame resistance a few weeks back now.

Well as you can see on the daily chart below, the Aussie really rolled over straight out of that zone for some nice shorts.

AUD/USD Daily:
191003-audusd-d1.png

Price rolled straight back down to retest the daily swing lows and that's where we are now.

But what's caught my eye is the beautiful tweezer bottom that the Aussie has printed at support.

Take a look at the intraday chart with the daily period separators in place for reference.

AUD/USD Hourly:
191003-audusd-h1.png

With price still in a huge bearish trend and still below higher time frame support/resistance, it's going to take a bit to keep the Aussie from really rolling over here.

Definitely a discussion for later, to be had inside my Inner Circle ⭕️.

Best of probabilities to you,

Dane.



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@forexbrokr | Steemit Blog

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