AUD/USD struggling at the resistance, possibility of a drop
AUD/USD has made a modest recovery after last week's drop.
However, currently, the price is struggling at the channel resistance.
Price is also below the moving average on the 4H chart which is negative
for the bulls.
So, as long as price is below the channel resistance, selling AUDUSD@0.7740- 0.7765
with SL above 0.7780 and TP at 0.7640 is a sell idea.
However, currently, the price is struggling at the channel resistance.
Price is also below the moving average on the 4H chart which is negative
for the bulls.
So, as long as price is below the channel resistance, selling AUDUSD@0.7740- 0.7765
with SL above 0.7780 and TP at 0.7640 is a sell idea.
Note
Very much in profit, dropped below 0.7690.
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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.
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.