AUD/USD at a Major Support Zone by ThinkingAntsOk
WEEKLY CHART EXPLANATION:
🔸 This pair is on a strong downtrend.
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🔸 At this moment, it is facing the previous Support Zone, which is the minimum level since 2009.
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🔸 We are waiting for a definition of the move, since there are high chances of bouncing in this area .
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🔸 In case the direction is clear, we will look for a lower timeframe setup, looking for an upside move towards the Resistance Zone.
DAILY CHART ANALYSIS:
🔸 This pair is on a strong downtrend.
.
🔸 At this moment, it is facing the previous Support Zone, which is the minimum level since 2009.
.
🔸 We are waiting for a definition of the move, since there are high chances of bouncing in this area .
.
🔸 In case the direction is clear, we will look for a lower timeframe setup, looking for an upside move towards the Resistance Zone.
DAILY CHART ANALYSIS:
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