AUSUSD 4H

Australian Dollar (AUD) / United States Dollar (USD)
4H Time Frame

As you can see AUDUSD is currently sitting on one of its past support spots this is why i have 3 arrows for possible direction because of its support in its area.

Arrow 1 - could be rejected by the current support is is on and carry on down trending towards 0.64278.
Arrow 2 - could carry on falling slightly towards its supports either at 0.71054 or at 0.70237 before bouncing back up towards its slightly higher support at 0.72659 or could even keep on rising towards a past resistance level 0.74261.
Arrow 3 - Since its already on a support it could turn bullish and rise up towards the resistance level at 0.74261 or break through that and carry on higher towards a past support level at 0.75641.

I will be doing a update on this chart on Saturday 21st of August.

If you like my analysis & brief give it a thumbs up.
If you have any questions please feel free to leave a comment below or send me a direct message.

THIS IS NOT FINACIAL ADVICE

THE CRYPTO PLANET