Forex Analysis: AUDUSD

This Forex Analysis is about the Course of the AUDUSD. First, we look at the Weekly-Chart to get an overview and understand where we are. It is easy to see that the course has fallen sharply since 2012. We have highs and lows, which are always underneath below. Since the end of 2015, however, the course has been in a range / sideways phase, which I marked with two lines (green). The course has not managed to break through one of the zones. The lines act as psychological hurdles. This range could signal that the downtrend is over. We look more closely at this phase. Herefor the Daily-Chart.

Here in the Daily-Chart, we get a better insight into what happened within the range. We can see that since the touch of the lower support, the course has been able to break the last high. Here too, the small high point was first broken up before the course returned to it again. Here you could have looked for Long Trades. I am assuming here that the course reaches the upper resistance of the range. Up to the upper resistance for me only Long Trades are valid.