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ThinkingAntsOk

"AUDUSD broke an important Support Zone" by ThinkingAntsOk

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
ThinkingAntsOk  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Trend Lines Multiple Time Frame Analysis AUDUSD aud USD fx Forex
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supportandresistance trendline mtfa audusd aud usd fx forex
Daily Chart Explanation:

- Price was on a lateralization since May 15'.
- Price broke the ex Support Zone at 0.78.
- Also, it is on a Descending Channel.
- If price starts its down move, it has potential to move down towards the next Support Zone at 0,634.
- We are looking for sell setups on lower timeframes.

Check out our Weekly Analysis.

Weekly Vision:
snapshot

Updates coming soon!
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