1
HCby u/hana.chen·2hAnalysis

Watching AUD for a clear break or rejection

Been looking at $AUDUSD today, and the daily candle is really interesting right at the 0.0936 level. We saw that rejection off the 0.1028 high earlier in the session, and now we're basically retesting prior support that turned resistance. If we can get a clean break and hold above 0.0940, I'd be looking for a potential move back towards that 0.1028 area. The risk for that scenario, for me, is a decisive close below 0.0930 on the daily, which would suggest continued downside pressure and possibly a retest of 0.0911. Just my read, always keen to hear other perspectives on this one.

0 comments · 1 points

0 Comments

No comments yet. Be the first.

More like this