Get started
FX618Analysis

AUDUSD might aim towards 0.700 support shall the trendline break

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
FX618Analysis  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators AUDUSD short Exponential Moving Average (EMA) support pivot swingtrade RBA DXY Trend Lines
8
0
trendanalysis chartpattern indicator audusd short ema support pivot swingtrade rba dxy trendline
The path of least resistance towards 0.7000 psychological support is open for AUDUSD to test, provided that the trendline breaks. Shall the trendline break, the daily candle also needs to pierce and close below S1 monthly support. Once this happens the price will likely target S2 support that lies just below 0.70000 support.

Shall the criteria take place, it would be good to exit the trade at 0.7000 psychological support rather than S2 support. Await updates in the comment section

Related Ideas

FX618Analysis
USDCHF Might aim for S1 Monthly PIVOT shall the Trendline break!
FX618Analysis
Don't expect EURUSD to aim lower! Correction might likely occur
FX618Analysis
Two targets for AUDUSD to HIT shall the trendline & EMA break
FX618Analysis
TRICKY USDJPY SHORT MIGHT BE A TRAP! TRADE WITH CONFIRMATION!
FX618Analysis
EURUSD might fall towards swing low if rejection occurs at 1.165
FX618Analysis
TRADE EURUSD DOWNTREND WITH CAUTION. AWAIT BREAK OF 1.1500!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.