Analysis: AUDUSD Trends and Support Levels
Hello Everyone,
We've reached the lows of AUDUSD across the 1-day, 1-week, 1-month, and 3-month time range. Presently, the trend indicates a strong bearish sentiment. However, despite this bearish tone, on higher timeframes, AUDUSD appears to be maintaining a neutral stance and isn't oversold. We could either witness a reversal from this current position or a comprehensive test of the 1Y support structure. We've outlined a detailed support structure across different timeframes to gain a clearer understanding of the ongoing situation.
TradeWithTheTrend3344
We've reached the lows of AUDUSD across the 1-day, 1-week, 1-month, and 3-month time range. Presently, the trend indicates a strong bearish sentiment. However, despite this bearish tone, on higher timeframes, AUDUSD appears to be maintaining a neutral stance and isn't oversold. We could either witness a reversal from this current position or a comprehensive test of the 1Y support structure. We've outlined a detailed support structure across different timeframes to gain a clearer understanding of the ongoing situation.
TradeWithTheTrend3344
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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.
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.