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Mihai_Iacob
Apr 26, 2023 2:46 AM

AudUsd could drop hard 

Australian Dollar/U.S. DollarFXCM

Description

After the important break of 0.6750 support back in March, AudUsd has tried and failed 3 times to reconquer that level.
The pressure is clear to the downside and 0.66 support could fall soon.
As long as resistance is intact bears are in total control and selling rallies could be a good strategy.
A break of 0.66 would expose the next important level of support at 0.64, but in the longer term the pair could fall further and test 0.62 low.
Comments
taco_industries
Indeed! AUD is a sell. All Aussie fundamentals are bad for the foreseeable future
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