AUDUSD ANALYSIS

Started by OZER, Dec 17, 2021, 10:42 PM

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AUDUSD broke the downtrend line
price rebounded from 50% fib level and key level around 0.7100
price above SMA 100 and HVN around 0.7145
MACD shows bullish momentum
RSI in uptrend line above 50
so it's expected bullish movement to resistance level around 0.7350
All content is for education purpose only, not financial advices.





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Does bullish engulfing candles guarantee upward trend? Could it present itself on a downward trend? if so, how could you know if it's going upward or downward?