Drilling down through the AUDUSD charts. What are they showing? Download your MetaTrader Expert Advisors for MT5 / MT4 trading strategy Maintenance RobotFX

Drilling down through the AUDUSD charts. What are they showing?

RobotFX August 01, 2022 0 Comments

Trading News

From the Daily, to the hourly, to the intraday 5-minute chart

The AUDUSD has been rebounding since the low on July 14 and has moved up to test the 38.2% of the 2022 range on the daily chart.

The hourly chart has shown some up and down volatility of late but some bullish buying tendencies.

The 5-minute correction today held the 50% but is stalling at a ceiling for the day.

What does the combined story tell us regarding bias and risk?

The AUDUSD is moving toward 38.2% target of the 2022 range

Trading analysis offered by RobotFX and Flex EA.
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Drilling down through the AUDUSD charts. What are…

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