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thebrowntrader

AUD/USD 4HR // 15 April 2024 Analysis

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
thebrowntrader Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns thebrowntrader
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trendanalysis chartpattern thebrowntrader
AUD/USD broke a strong support level around the 0.6500 area last week. We can expect it to retest the area for a good move down.
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Price has beautifully broken and restested the .65000 level that we marked as a previous strong support.

Price has dropped around 80 pips after the retest and still has potential to go down to the .62500 level. However, there is a previous zone around .63500 level where we may see price bouncing back.

Let's wait and see what the price does around that level.
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