Ananys for beginners: AUDUSD, 26 June

AUDUSD is moving between the resistance at 0,7750 and support at the 0,7160. The next support is at 0,7326.

The weekly chart shows an inside bar formation, which can affect the price.

If the level 0,7635 is broken, we can expect further gains. The goal then becomes the upper limit on the 0,7750.

Would IB be broken from the bottom, so will be the test of the trend line much more than what has been done so far. The next support will then be available on the 0,7326.

Leave a Reply