AUDUSD is at a critical decision point, but the current down trend is extremely strong.
I have outlined two possible scenarios.
1. We continue the down trend - As identified the current down trend is very strong, if we break through the .716 zone, the next support is at the .68 zone. Whilst a short term move to the upside could see a test of the .725 zone, a down movement from here will be an easy trade with a trailing stop.
2. We see a test of the .716 zone,
- A move to the .725
- Retest of the .716
- Break through the down resistance
And we are seeing a change in trend direction
I see this as likely but very risky
Wait and watch here
I have outlined two possible scenarios.
1. We continue the down trend - As identified the current down trend is very strong, if we break through the .716 zone, the next support is at the .68 zone. Whilst a short term move to the upside could see a test of the .725 zone, a down movement from here will be an easy trade with a trailing stop.
2. We see a test of the .716 zone,
- A move to the .725
- Retest of the .716
- Break through the down resistance
And we are seeing a change in trend direction
I see this as likely but very risky
Wait and watch here
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.