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UK_LEE
Dec 14, 2021 5:36 AM

Short if price still below the resistance level of 0.7180 Short

Australian Dollar/U.S. DollarFXCM

Description

The price dropped after hitting the 0.7180 resistance area, currently trading at 0.7100
=> If the price still below the resistance level of 0.7180, there is always a chance that the sellers are ready to push the AU down to 0.7080, deeper into the D1 support area (0.7030).
=> On the contrary, the buyers are always ready at two important price zones: Support zone D1 (0.7000-0.7030) and strong resistance zone 0.7180-0.7200, if this zone is broken, the price will push to 0.7330 .
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