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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