AUDUSD is facing multiple technical resistance at 0.7350-60 area. The top of the downward channel, the R1 Pivot, EMA 89 and 50% retracement level from last tops are making the continuation of the upmove difficult without prior retracement.
We will SELL at these levels, setting the stops above 0.7385, targeting 0.7315-20.
We will SELL at these levels, setting the stops above 0.7385, targeting 0.7315-20.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.