AUDUSD is within the range of 0.63963 - 0.64297, and its downtrend is showing signs of weakening. The price is currently between the 8-period and 20-period moving averages (MA8 and MA20) after a failed attempt to break the support at 0.63963 yesterday. It's probable that AUDUSD will trade sideways until there's fundamental pressure to push the price either back up (reversal) or continue its downtrend.
[Position to consider]
Maintain the SELL position from yesterday.
R3 0.65297
R2 0.65112
R1 0.64951
PV 0.64297
S1 0.63963
S2 0.63803
S3 0.63630
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.
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.