0.75 key price zone to monitor this week

FX:AUDUSD   Australian Dollar/U.S. Dollar
Last week AUDUSD             was rejected again from the 0.77-0.78 daily resistance zone which is also the PRZ of a bearish Gartley (pink).
The difference between this time and the previous times it was rejected from this price zone is that now AUDUSD             sell off drove it below 2 MA lines and the bottom of a trading channel - Bearish sign

Now 0.75 will be tested as support.

1) The 200 days MA line and the structure can drive AUDUSD             higher for a short term pullback (or bullish continuation wave).

2) AUDUSD             will break below 0.75 and continue towards the next support zone and the secondary target zone of the Gartley - 0.735.

Read more about this scenario and others in this week's newsletters (link in bio)
Trade closed: target reached: Secondary target zone
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out