Hi Traders!
AUDUSD is under more pressure, and there is a potential support break on the 1D chart.
Price Action π
The price action currently looks bearish, with market swings showing lower highs and lower lows.
We are looking for a break and a close below the support price at 0.62856, which is the yearly low.
Fundamental Analysis π°
Last Thursday, employment figures from Australia lessened expectations of an RBA rate hike, which has the Australian dollar currently trading under pressure.
Β
Support π
0.62856: YEARLY LOW
Resistance π
0.63298: PREVIOUS DAY'S HIGH
Risk β οΈ
No more than 2% of your capital.
Reward π°
At least 4% of your capital.
Please make sure to click on the like/boost button π as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
AUDUSD is under more pressure, and there is a potential support break on the 1D chart.
Price Action π
The price action currently looks bearish, with market swings showing lower highs and lower lows.
We are looking for a break and a close below the support price at 0.62856, which is the yearly low.
Fundamental Analysis π°
Last Thursday, employment figures from Australia lessened expectations of an RBA rate hike, which has the Australian dollar currently trading under pressure.
Β
Support π
0.62856: YEARLY LOW
Resistance π
0.63298: PREVIOUS DAY'S HIGH
Risk β οΈ
No more than 2% of your capital.
Reward π°
At least 4% of your capital.
Please make sure to click on the like/boost button π as your support greatly helps.
Trade safely and responsibly.
BluetonaFX