Get started
FXLeaders

Aussie plunged as retail sales figure disappoints

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
FXLeaders  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators AUDUSD Forex fxleaders techicalanalysis
2
0
trendanalysis chartpattern indicator audusd forex fxleaders techicalanalysis
Technically speaking, the AUD/USD has plunged dramatically to test 0.7165 support and it’s trading right above the same. The doji and spinning top candles are suggesting that the sellers are exhausted now and bulls may be looming in the area.

So, be ready for it. The AUD/USD can bounce off above 0.7165 to complete 23.6% retracement at $0.7202 and 38.2% at $0.7225. Good luck!
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.