AUDUSD is trading in descending channel and printing consistent LLs LHs. Currently the price is trading at important resistance zone which is 38 % fib retracement level as well. As the red candles at resistance zone indicating the sell pressure.
If the sell momentum continues the red next target could be 0.6360 region.
What you guys think of this idea
If the sell momentum continues the red next target could be 0.6360 region.
What you guys think of this idea
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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.