AUDUSD 13 Sep 2023 on the weekly timeframe. If you look at the chart, it can be seen that this pair has been bearish in the past month. Drop after touching S1 at the highest price of 0.68949 then experienced a sharp decline until it touched 0.63570. However, the pair managed to reverse the trend after touching S2 at the end of last week and continued the bullish trend. When referring to the stochastic indicator, it looks like the bullish trend will continue. If the pair is able to continue to maintain the bullish trend through the 23.6 fibo level towards the S1 line, then go-long positions could be an option for traders. Wait for clearer indications, study and pay attention to market movements before making trading decisions.
