Get started
ThinkingAntsOk

AUD/USD at a Major Support Zone by ThinkingAntsOk

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
ThinkingAntsOk  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis aud USD AUDUSD LONG analysis setup DXY
16
2
trendanalysis supportandresistance mtfa aud usd audusd long analysis setup dxy
WEEKLY CHART EXPLANATION:

🔸 This pair is on a strong downtrend.
.
🔸 At this moment, it is facing the previous Support Zone, which is the minimum level since 2009.
.
🔸 We are waiting for a definition of the move, since there are high chances of bouncing in this area .
.
🔸 In case the direction is clear, we will look for a lower timeframe setup, looking for an upside move towards the Resistance Zone.

DAILY CHART ANALYSIS:

snapshot
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.