AUDUSD - Price Action Continues to Build Ahead of Key Resistance Zone | Nov 1

audusd forex trading 2ndskiesforex

My current active open trades: AUDUSD, Silver, EURGBP, AUDUSD (option), $Sber

AUDUSD – Price Action Continues to Build Ahead of Key Resistance Zone (daily chart)
After 4 attempts in the last few months, the AUDUSD price action continues to build ahead of the key resistance zone between the 77 and 78 handle. MT I’m bearish while below this zone, but ST the lower highs and price action build up is painting a different picture.

If the zone holds, then an attack on 76 and 75 would likely be on deck. However if the zone breaks, then we’re in a bullish structure ST & MT till about 8000.

 

 

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