I am currently still bearish
on the AUDUSD
pair despite the bullish
close on Friday last week. I have plotted two potential fresh supply levels that I am monitoring. I believe the closer 1.7135~ price level will most likely hold up. The 120-period simple moving average
also intersects at this level. Historically speaking, this simple moving average
setup acts as a dynamic S/R with the potential of holding up at this price level once again. This is a double confirmation, but no guarantees it will hold.