AUD/USD moving within a range, chance for the buyers?
Dear traders, in my previous AUD/USD analysis, I recommended selling AUD/USD
at the 0.7815 resistance level. As you can see price dropped exactly from the resistance
level and hit the 0.77 support. So, the sell trade gave us 110+ pips.
(Previous idea attached below for reference)
Currently, price is at the support level and the last 4 hour candle shows bears losing momentum.
So, if there is bullish price action at this support level, there is a chance for the buyers.
A buy at the 0.77 support level with 0.7810 as Target would be a potential trade for the buyers.
at the 0.7815 resistance level. As you can see price dropped exactly from the resistance
level and hit the 0.77 support. So, the sell trade gave us 110+ pips.
(Previous idea attached below for reference)
Currently, price is at the support level and the last 4 hour candle shows bears losing momentum.
So, if there is bullish price action at this support level, there is a chance for the buyers.
A buy at the 0.77 support level with 0.7810 as Target would be a potential trade for the buyers.
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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.
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.