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AUDUSD Micro-Trend Setup on Daily
Australian Dollar / U.S. Dollar
Long
AUDUSD Micro-Trend Setup on Daily
By TradeswithTrend
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Oct 4, 2020
0
Oct 4, 2020
Highlights:
- Price has broken previous resistance and becomes the new support at 0.70319
- Price retest and show rejection on the new support level
Market Trend:
- Overall uptrend bias
- Short term downtrend on Daily chart
Momentum:
Bearish momentum on Daily chart
Opinion:
- To continue uptrend, the price needs to stay above the support level
- Look for Long opportunity when price breakout of the Micro Trendline
Chart Patterns
Technical Indicators
Trend Analysis
TradeswithTrend
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