Currency Analyst since 2010

AUD/USD: trade recommendation

Authored by Leonid Vereschagin

Chart 2. Daily AUDUSD

AUDUSD has once again met resistancein the 0.9430-0.9460 area. The pair has been testing this area for the third time in 2 months, but failed to fix above  0.9460. Trend line on the daily chart was broken to the downside, the bearish pressure is mounting. 

Trade signal 

SELL in a range: 0.9420-0.9460

Stop Loss: 0.9490

Take Profit: 0.9225

Resume: sell-signal confirmed

Chart 2. H4 AUDUSD



Scroll to top