AUD/USD PRICE ANALYSIS: BULLS ARE TRAPPED, 0.6950 EYED BEFORE FURTHER DOWNSIDE POTENTIAL TO TEST BELOW 0.6800

avatar
· 阅读量 39


AUD/USD bears are stalling, for now, and there are eyes on 0.6935 with the 38.2% Fibonacci around 0.6950

Bears eye a break of 0.6905 to open the price imbalance below and a run to 0.6800 and 0.6750 below there. 

AUD/USD bulled in breakout traders when the price broke 0.7000 and reached the 0.7060s. At this juncture, the peak formation is starting to get locked in but there needs to be a break below 0.6900 to seal the prospects of a prolonged downtrend. 


The following illustrates such a scenario from a bearish bias looking at the daily and short-term timeframes.

风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
回复 0

暂无评论,立马抢沙发

  • tradingContest