More downside for AUDUSD?

AUDSUD:

AUDUSD_Wide

AUDUSD_Zoom

After breaking the significant support level (0.717 – 0.7183), AUDUSD showed some retracement in this trading week and tested this structure level and show upside weakness.

It is highly possible that this level (0.717 – 0.7183), might hold the pair and continue the downtrend for the coming week.

Legend:

Monthly Levels: Represented in Red

Weekly Levels: Represented in Blue

Daily Levels: Represented in Black

Like our content? Drop us a like on our Facebook page and share it so that more people can benefit from it!

Follow our Instagram page for more analysis on FOREX pairs!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s