Week of 12/03-16/03 AUDUSD at critical resistance

FX:AUDUSD   Australian Dollar / U.S. Dollar
Last week our Bullish expectations for the AUDUSD became reality and the price reached the Monthly Pivot Point at 0.78624. Now this point represents a highly important structure on the chart as we expect this area to serve as strong resistance for the pair. If price fails to break above this zone, we may see a move down to the structure at 0.7750.
Our expectations for this week for AUDUSD are Bearish , with potential short position taking around Monthly Pivot Point as it offers very good Risk-To-Reward ratio.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out