Forecast for AUDUSD over the next few sessions 4H chart

2019-11-21 09:34:40

AUD to rally back into resistance before continuing its downward momentum, failure to break and hold above the blue line (Weekly) only increases the cahnce of a fall back down to the Japanese crash low from a few months ago. This has been an area of importance. The only caveat is the ongoing trade negotiations between the US and China, if the information is correct and a trade deal is put off there could be a rally against the USD. As stated above the AUD would need to rally and and hold above the blue line to indicate a change in direction