By Analysing the AUDUSD chart, we can see that the price has broken this level by attacking below 0.66980, but now with the return of the price to the level that caused this break , 2 scenarios are ahead , one is a drop in the price from this range (0.67200 to 0.67700) and Another scenario is if the downward scenario fails completely, which will require a powerful correction of the DXY chart! The important supply levels for scenario 2 are 0.67950 to 0.68160 respectively and the second zone is from 0.68630 to 0.68990! If the first scenario occurs, the first target is 0.66700!
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ... 👤 Arman Shaban : ArmanShabanTrading 📅 09.18.2022 ⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
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.