AUD/USD Technical analysis.

FX:AUDUSD   Australian Dollar / U.S. Dollar
Currently, AUD/USD is trading at 0.7058. The pair is trading in a down trend from some time and now moving towards the resistance level. It can rebound after touching resistance level and touch support level at 0.6992. Its entry price for short is at 0.7038 and target price is at 0.6992.

Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.

Do follow us for future Forex trend analysis and Ideas.

Thank you,

Rishikesh Lilawat

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.