FX:AUDUSD   Australian Dollar/U.S. Dollar
200 0 2
Long term trend: Down
Medium term trend: Down
Significant Levels: 0.9000 (Significant Round Number), 0.8890 (Horizontal Resistance), 0.8680 (Horizontal Support)

As previously mentioned, the price is in a range and still remained in it. Yesterday's candle rejected the Horizontal Support line. We might see the price go up for now as it touched the Support line. I'm still bearish with this currency pair, but currently, the pair is in a Range. Therefore, I would prefer if the price will break below the Support. Although, the breakout in either the Support or Resistance would be tradable.

It would be good to place a Long trade now with the Stop Loss below the Support and the Target Profit around the 0.764 Fibonacci Retracement .

Trade well.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out