Get started
TradeGATEHub

AUDUSD facing bearish pressure | 27th July 2021

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
TradeGATEHub  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD
6
0
trendanalysis harmonicpatterns chartpattern audusd aud usd
AUDUSD has reversed below the 1st resistance of 0.73828, in line with descending trendline resistance, 50% Fibonacci extension. Prices are likely to fall towards 1st support, in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices may rise to 2nd resistance, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Moreover, Stochastic is reversing from hidden resistance at 89.93.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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.