AUD/USD: The Direction of Highest Probability is Bearish as price remains

Tian Kriek

Analyst


August 30, 2023 04:55 AM

BEARISH

Daily Trading Range:
AUD/USD: The Direction of Highest Probability is Bearish as price remains below the 45 Period EMA and also below the Psychological level at 0.6500. On the lower time frames we can see that a brief retracement may be on the cards   Future movement of the AUDUSD rests on the shoulders of the USD   Access to this graph and its analysis is free. You should copy and paste the next URL into your browser: https://smartrader.com/ideas/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7750
Resistance 2: 0.7250
Resistance 1: 0.7000
Current Price 0.6458
Support 1: 0.6000
Support 2: 0.5800
Support 3: 0.5500

Two Hour Chart

Two Hour Chart
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