Potential Downside AUDUSD
AUDUSD This pair is forming a descending triangle pattern for months. We see this as a continuation pattern, where the previous trend was downtrend and there's a probability to go even lower.
Here's our plan:
Support level 0.635, we use this a target.
Resistance level 0.645, we'll start to short around this area.
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.