AUDUSD - Freefall or Possible Reversal?
20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
Can 1W support hold for a reversal?
A break and hold above 0.64405 could signal a short-term reversal.
A break and hold below 1W support could trigger a further decline.
Keynote!
Overall, this pair is still extremely bearish.
We need a STRONG QUALITY GREEN MOVE(s) to signal intent otherwise.
I deeply appreciate you taking the time to study my analysis and point of view.
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
Can 1W support hold for a reversal?
A break and hold above 0.64405 could signal a short-term reversal.
A break and hold below 1W support could trigger a further decline.
Keynote!
Overall, this pair is still extremely bearish.
We need a STRONG QUALITY GREEN MOVE(s) to signal intent otherwise.
I deeply appreciate you taking the time to study my analysis and point of view.
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.