BluetonaFX - AUDUSD SHORT to Yearly Low Break Idea
Hi Traders!
AUDUSD is under more pressure, and there is a potential support break on the 1D chart.
Price Action 📊
The price action currently looks bearish, with market swings showing lower highs and lower lows.
We are looking for a break and a close below the support price at 0.62856, which is the yearly low.
Fundamental Analysis 📰
Last Thursday, employment figures from Australia lessened expectations of an RBA rate hike, which has the Australian dollar currently trading under pressure.
Support 📉
0.62856: YEARLY LOW
Resistance 📈
0.63298: PREVIOUS DAY'S HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
AUDUSD is under more pressure, and there is a potential support break on the 1D chart.
Price Action 📊
The price action currently looks bearish, with market swings showing lower highs and lower lows.
We are looking for a break and a close below the support price at 0.62856, which is the yearly low.
Fundamental Analysis 📰
Last Thursday, employment figures from Australia lessened expectations of an RBA rate hike, which has the Australian dollar currently trading under pressure.
Support 📉
0.62856: YEARLY LOW
Resistance 📈
0.63298: PREVIOUS DAY'S HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX