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AUDUSD 21 April 2023

AUDUSD 21 April 2023 on the weekly timeframe, it can be seen that the pair is trying to penetrate the 30.2 Fibo level. although it is still ranging between S1 and S2, but when referring to the stochastic and RSI indicators, it shows that this pair is in a bullish trend. If the pair is able to continue its penetration through the 30.2 level towards 50.0 Fibo or more, then a go-long position is an option. However, if there are indications of a bounce from S1, then go-short is an option.

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