FX:AUDUSD   Australian Dollar / U.S. Dollar
In yesterday's analysis, I expected further selling pressure on AU with 0.7690 support zone as the initial target, based on the as the market rejected 0.7795 minor resistance recently forming a lower high sequence & downwards violation of the trendline, which was exactly what the market performed. Currently will be looking for short-term selling opportunities after some pullback with 0.7640 key support zone as the initial target. However, do pay attention to 0.7690 support zone , if there's more rejection at that zone we could expect some short-term bullish rotation or choppiness back towards 0.7736 resistance zone . Do not forget the overall trend on the higher timeframe remains bullish .

Will keep it updated on Monday (18th Jan) during the Asia session. Trade safe.

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Comment: Previous analysis

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Comments

My sentiments exactly
+1 Reply
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