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FX618Analysis

AUDUSD might aim towards 0.700 support shall the trendline break

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Dolar Australia / Dolar A.S. (FX:AUDUSD)  
FX618Analysis  
FX:AUDUSD   Dolar Australia / Dolar A.S.
Trend Analysis Chart Patterns Technical Indicators AUDUSD short Exponential Moving Average (EMA) support pivot swingtrade RBA DXY Trend Lines
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trendanalysis chartpattern indicator audusd short ema support pivot swingtrade rba dxy trendline
The path of least resistance towards 0.7000 psychological support is open for AUDUSD to test, provided that the trendline breaks. Shall the trendline break, the daily candle also needs to pierce and close below S1 monthly support. Once this happens the price will likely target S2 support that lies just below 0.70000 support.

Shall the criteria take place, it would be good to exit the trade at 0.7000 psychological support rather than S2 support. Await updates in the comment section

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Penafian

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