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AUDUSD Weekly Forex Forecast 4th November to 10th November by yshashmi37 on TradingView.com
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.
Technical analysis:
The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 0.7020 on 10/26/2018, so more gains to resistance(s) 0.7230, 0.7320, 0.7445 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 58.
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