The Way of Investment (Part 73)
The Way of Investing (Part73）
Summer Vacation Special Edition (Continued)
The Way of Investing (Part67,69,71)— continuation of the “Summer Vacation Special Edition.”
1. Further DeclineAUDUSD
On the daily chart,8 consecutive bearish candles appeared, followed by a large bullish candle, but then they retraced. Looking at the currency strength chart, USD is still strong, and AUD is weak, so there is little power for it to rise. The downtrend seems likely to continue for a while longerUSD. is weak, so it is hard to push higher. It seems the downward trend will continue for a while(Arrow ②). Depending on the case, it may drop to the most recent prior support line. In any case, wait until it breaks above the downtrend line(Arrow ①).
