TradingView
T3-Consultancy
Aug 17, 2022 4:27 PM

AUDUSD H4: Bearish outlook seen, further downside below 0.7000 Short

Australian Dollar / U.S. DollarFOREX.com

Description

On the H4 time frame, a pullback to the resistance zone at 0.7000 which coincides with the Fibonacci confluence levels could see a reversal below this zone to the support zone at 0.6860. Failure to hold below the resistance zone at 0.7000 could see prices push higher to the next resistance zone at 0.7080. Prices are holding below the 50 EMA as well, supporting the bearish bias.
Comments
JoeChampion
Thank you for this piece of art, did you considered also the coming Fomc minutes?
T3-Consultancy
@JoeChampion, thank you for your kind words, yes considered that as well
More