AUD/USD
reached the resistance at 0.7252, formed a doji candlestick on the daily
time-frame and started moving to the downside. I expect that it will continue
to fall at least until it reaches the support at 0.7140, and should it break
below that level it might reach the next level of support which is at 0.7014.
On the other hand, considering that the pair is currently in correction, it may
bounce off the support at 0.7140 and continue climbing towards the resistance
at 0.7450, which is visible on the weekly time-frame.
Thanks for the analysis, will keep it in mind!
ReplyDeleteGood analysis, useful.
ReplyDelete