AUD/USD
reached the resistance at 0.7270 visible on the daily filter chart, formed two
spectacular shooting star candlesticks and, predictably, started moving to the
downside again. The pair will likely continue falling at least until it reaches
the support at 0.7080 which is also visible on the daily filter chart. I would
not be surprised if it manages to break below that level and continue on its
way down to the previous low at 0.6908. Of course, we can’t talk about a continuation
of the bearish trend before AUD/USD has managed to break below that level too.
Very important analysis.
ReplyDeleteGreat analysis. Thank you.
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