Dear friends, AUDUSD continues to decline after failing to break out of the previous downtrend, and it is currently trading around 0.6345.
The 4-hour chart indicates an extended downward trend, suggesting that the price may continue to decrease within the stable trend on the 4-hour timeframe.
The next target for this currency pair could be a drop towards the trendline at 0.6220. Do you agree with my analysis?
The 4-hour chart indicates an extended downward trend, suggesting that the price may continue to decrease within the stable trend on the 4-hour timeframe.
The next target for this currency pair could be a drop towards the trendline at 0.6220. Do you agree with my analysis?
Trade active
Trade closed: target reached
Comment:
