AUDUSD Channel
Been looking through the chart and trying to work out levels, supports and resistances and i belive i've stumbled across a downtrend channel.
We've completed 3 moves already and are progressing nicely through the 4th move which should see a rise to 0.75268 which acts as a good resistance level for this upward movement.
Based on the movement, if it reaches that level we should see it drop further down to 0.74000 mark which is getting close to another major support level.
Trade with care.
We've completed 3 moves already and are progressing nicely through the 4th move which should see a rise to 0.75268 which acts as a good resistance level for this upward movement.
Based on the movement, if it reaches that level we should see it drop further down to 0.74000 mark which is getting close to another major support level.
Trade with care.
Trade active
SL 0.74501 TP 0.75263
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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.