AUDUSD could fall again despite bullish momentum
AUDUSD found strong support near 0.6460.
Overnight the price rose despite the lack of any news on the economic calendar.
This could be related to the low volume of the current month and perhaps small currency injections or profit taking create such moves.
The price is not yet clear, but there is a high possibility of further decline in the coming days. It may show signs of reversal soon and could fall to 0.6460 and 0.6400.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUDUSD found strong support near 0.6460.
Overnight the price rose despite the lack of any news on the economic calendar.
This could be related to the low volume of the current month and perhaps small currency injections or profit taking create such moves.
The price is not yet clear, but there is a high possibility of further decline in the coming days. It may show signs of reversal soon and could fall to 0.6460 and 0.6400.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.