Strong resistance is seen at 0.72.
Chart: AUDUSD D1
Tuesday, November 10, 2015
AUDUSD At Support
The pair is trading at the major support level for the past couple of days. AUDUSD reacted on the far above expectations NFP's and reached a low of 0.7023 on Friday. Currently it is trading around 0.7055 holding above the support level of 0.7020. Below 0.70 bears will have taken dominance and trend would turn bearish. So far, this has not happened and bulls still have a slight short-term advantage with price holding above support.
Strong resistance is seen at 0.72.
Chart: AUDUSD D1
Strong resistance is seen at 0.72.
Chart: AUDUSD D1
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A breakout to the upside could trigger the end of the bearish trend.
ReplyDeleteIt's ranging.
ReplyDeleteThe bearish trend is intact!
ReplyDeleteIt's yet to break below the support at 0.6900 but I think it will continue falling.
ReplyDeleteGreat analysis, thank you.
ReplyDeleteAUD is moving away from yesterday's peak levels at 0.7069.
ReplyDeleteLet’s see how low it keeps going.
ReplyDeleteVery good post.
ReplyDeleteGreat post.
ReplyDelete