After the important break of 0.6750 support back in March, AudUsd has tried and failed 3 times to reconquer that level.
The pressure is clear to the downside and 0.66 support could fall soon.
As long as resistance is intact bears are in total control and selling rallies could be a good strategy.
A break of 0.66 would expose the next important level of support at 0.64, but in the longer term the pair could fall further and test 0.62 low.
The pressure is clear to the downside and 0.66 support could fall soon.
As long as resistance is intact bears are in total control and selling rallies could be a good strategy.
A break of 0.66 would expose the next important level of support at 0.64, but in the longer term the pair could fall further and test 0.62 low.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.