AUDUSD may continue its daily downtrend. Even if it rebounds, the 1 hour, 4 hour, and daily supply zones are stacked on top of each other. Therefore, it is better to look for opportunities to sell.
Please take a look at EURAUD as well. Relatively, while EUR fell, AUD fell less. Now, if EURAUD rises, AUDUSD is likely to fall.
Please take a look at EURAUD as well. Relatively, while EUR fell, AUD fell less. Now, if EURAUD rises, AUDUSD is likely to fall.
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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.