AUD/USD is finding nearby support at the channel at 0.6430 but remains capped by the 0.6570 high. To reinvigorate upside interest AUD/USD will need to regain the 0.6570 recent high, and this looks to currently be a tall order. We would allow for further slippage to the 55-day ma at 0.6303.
Above 0.6570 we look for a test of the 0.6670/84 March high and 200-day moving average where we would expect it to struggle.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Above 0.6570 we look for a test of the 0.6670/84 March high and 200-day moving average where we would expect it to struggle.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Trade active
Trade closed: stop reached