Price came back to 50% Fibonacci retrace and neck area.

audusd-d

Daily chart is making HH and HL, now price is at decisive spot. If we will break the neck, next resistance is at 0.7270 and then at previous high 0.7381. If price will make new HH we will get change of trend to the up trend on master weekly chart. On the other side, price can just hover between neck and lower trend line for the future days, maybe even weeks.
There is no major red level news ahead of us in future 24 hours neither in AU, neither in US.

One thought on “AUDUSD trade plan for 20. of November”

  1. Dimitar Ivanov says:

    10x Igor.

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