AUDUSD Short-term bearish outlook
Viewpoint: The price is trading at the bottom of the supply zone, but we are waiting for a return to the step of the 0.64576 range, if there is no return, a partial uptrend line break
Pattern: Bearish pattern candle
Trend: Downward trend on short, medium and long term basis.
The movement is bearish (the MACD line: is below the signal line and the RSI is below 50).
Support and Resistance: The nearest support zone is $0.63639. The nearest resistance area is $0.64576 and then $0.56006.
Pattern: Bearish pattern candle
Trend: Downward trend on short, medium and long term basis.
The movement is bearish (the MACD line: is below the signal line and the RSI is below 50).
Support and Resistance: The nearest support zone is $0.63639. The nearest resistance area is $0.64576 and then $0.56006.
Comment:
The price has broken the partial upward trend line