Get started
ForexDaGoat

AUDUSD Reversal off of Prior Resistance Level

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
ForexDaGoat Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Support and Resistance Pivot Points
3
0
trendanalysis supportandresistance pivotpoints
Price was unable to break previous high sitting at .74548 with the bears taking control at .74439 continuing the bearish trend, breaking the small uptrend created last week. I am expecting price to retest the bearish trendline at .74275 and from there the bears will take control with price heading towards .73785.
Comment:
Wait for retest before entering trade.
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.