Forex Forum to Share, Discuss, Communicate and Trade Forex

AUDUSD: Sells Off, Remains Vulnerable

Discuss Technical Analysis for various currency pairs and share your views. You may also like to check our Forex technical analysis and Forex forecast sections.
Image

AUDUSD: Sells Off, Remains Vulnerable

Postby FXTechstrategy » Thu Feb 01, 2018 4:36 pm

AUDUSD. The pair looks to weaken further after selling off during Thursday trading session. On the downside, support resides at the 0.7950 level where a breach will aim at the 0.7900 level. Below that level will set the stage for a run at the 0.7850 level with a cut through here targeting further downside pressure towards the 0.7800 level. On the upside, resistance lies at the 0.8050 level. A cut through here will turn attention to the 0.8100 level and then the 0.8150 level where a violation will set the stage for a retarget of the 0.8200 level. On the whole, AUDUSD faces further bear threats.

Image
FXTechstrategy
 
Posts: 297
Joined: Sat May 14, 2016 4:52 pm

Return to 2+1 = 3 - Technical Analysis Discussions

 

Who is online on Forum

Registered users: Baidu [Spider], Bing [Bot], Google [Bot], Google Adsense [Bot], Jan Schoemaker, John Harry