Get started
IlyaSpivak

AUD/USD breakdown underway after long hibernation?

Short
Australian Dollar / U.S. Dollar (FX_IDC:AUDUSD)  
IlyaSpivak  
FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Trend Analysis AUDUSD aud australiandollar aud-usd
1
0
supportandresistance trendanalysis audusd aud australiandollar aud-usd
AUDUSD looks to be breaking neckline support at 0.6837, which may set the stage for a test of downside thresholds at 0.6765 and 0.6678. Near-term, neutralizing selling pressure might demand re-establishing a foothold above 0.6872. From there, another challenge of the 0.70 figure could follow.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.