Forex Technical Analysis AUDUSD | Our expectations:
Correction of the bearish trend to resistance levels where we can look for sell orders with a stop of 0.7920.
Diagonal and horizontal resistances, MA50 crossed below MA200 (deadly crossing) and tested MA50 negative signal. 23,6 Fibonacci adds negative expectations.
Formed bar rotating tops. DeM2 (8) is above 60 and downward rotation can be used for confirmation. DeM Sequential has counted up to 8, and we can wait the ninth bar counted for a better price around 60 pips from current levels.
Alternative Scenario: If the price goes above the resistance and we have a whole closed bar above them, we can expect a change to a positive scenario for the pair.
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