Get started
Royal_Trades

AUDUSD - Long Opportunity - 1D Technical Analysis

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Royal_Trades  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines
3
0
trendanalysis supportandresistance trendline
The price is running in a descending channel and is now approaching a strong daily support level at 0.62950, which may lead to a reversal in the trend. The price may drop slightly lower to retest the trendline of the channel. I expect a pullback to retest the resistance level at 0.65090.

NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.
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.