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davidleekuanyong

AUDUSD rejection of 0.75400 resistance

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
davidleekuanyong Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD
3
0
audusd
For the past couple of days AUDUSD failed to break 0.75400 resistance zone. And as of 26 April 9.40am Msia Time, prices had a strong rejection. AUDUSD could be heading towards 0.74912. Second target 0.74800. If prices break above 0.7540, it will invalidate this downtrend analysis.
Comment:
market's had hit 0.74912, with lowest at 0.74890. As of writing, prices could be heading back to 0.74912. If that level breaks, second target will be 0.74800.
Comment:
taking into account of latest price action, new resistance is at 0.75300. If prices breaks above this resistance, it will invalidate this downtrend analysis.
Comment:
The markets hit 0.74801 target and my trade is closed. I will pay more attention to 4hr timeframes as it can help me get better price action.
Trade closed: target reached:
trade was closed on apr 26
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