The AUDUSD had just break below the rising trendline of the wedge indicating bearish sentiment. The price is now at intermediate support. The support level for AUDUSD is at 1.003 and also 0.9983. The resistance is at 1.0185 and 1.0226.
The AUDUSD in a daily candlestick had perform a dark cloud cover pattern indicating bearish sentiment. If the price break below the support of 0.9983, the pair has the possibility to drop to a low of 0.983. However the price is still above the 100 MA that may provide support for AUDUSD.
By The Backyard Burner
No comments:
Post a Comment