AUDUSD – Large Corrective Structure | Jun 23

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AUDUSD – Large Corrective Structure (4hr chart)
For the month of June, the AUDUSD has been in a large corrective structure and channel between 76 and 7850 with 2-3 touches on each side.

I’m suspecting with the low liquidity and summer trading months, this channel should hold so will be looking to sell at the top of the channel.

A daily close above this channel would negate that bias, but downside I’d be looking to target 7700.

audusd

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  • Binary Boy

    Hi there may i know what are he Moving Average you use is it EMA or Simple

    • Chris Capre

      EMA

      Hope this helps