AUD/USD Trend US and Asian Sessions – Bearish Trend Maintained
🔔🔔🔔AUD/USD news:
➡️ The Australian Dollar (AUD) saw a modest recovery on Tuesday following a sharp decline over the past few days. AUD/USD climbing toward the resistance level at 0.6100 after bouncing from a low near 0.5930 — a level last seen in March 2020 — posting slight gains on the day. The pair's upward movement was largely driven by a broader pullback in the U.S. Dollar (USD).
➡️ However, during the American session, AUD/USD faced renewed selling pressure and slipped back toward the 0.6000 area, limiting its recovery. This was mainly due to escalating uncertainty surrounding the U.S.-China trade conflict. Concerns over potential retaliatory measures from China are expected to keep the Australian Dollar under close watch for the time being.
Personal opinion:
➡️ Currently is a difficult time for AUD, which is a riskier currency. Strong support for AUD/USD increases in the short term but the downtrend remains intact.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell GAUD/USD 0.6070 – 0.6080
❌SL: 0.6120 | ✅TP: 0.6010
FM wishes you a successful trading day 💰💰💰
➡️ The Australian Dollar (AUD) saw a modest recovery on Tuesday following a sharp decline over the past few days. AUD/USD climbing toward the resistance level at 0.6100 after bouncing from a low near 0.5930 — a level last seen in March 2020 — posting slight gains on the day. The pair's upward movement was largely driven by a broader pullback in the U.S. Dollar (USD).
➡️ However, during the American session, AUD/USD faced renewed selling pressure and slipped back toward the 0.6000 area, limiting its recovery. This was mainly due to escalating uncertainty surrounding the U.S.-China trade conflict. Concerns over potential retaliatory measures from China are expected to keep the Australian Dollar under close watch for the time being.
Personal opinion:
➡️ Currently is a difficult time for AUD, which is a riskier currency. Strong support for AUD/USD increases in the short term but the downtrend remains intact.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell GAUD/USD 0.6070 – 0.6080
❌SL: 0.6120 | ✅TP: 0.6010
FM wishes you a successful trading day 💰💰💰
Trade active
Update plan: 👉Sell AUD/USD 0.6070 – 0.6080
SL: 0.6120 | TP: 0.5010
Trade closed: target reached
missed 12 pips to enter 0.6070 sell orderand missed 60 pips profit
What a pity
Cancel this order, sell zone has decreased in value
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.