The AUDUSD H4 chart is still moving within a fairly clear bearish price channel. After a rebound from the bottom near 0.70000, the price moved up to retest the resistance around 0.70700, but the reaction there wasn't strong enough to break out of the upper edge of the descending channel.
Currently, the price is around 0.70488, below the Ichimoku zone and still being pressured by downward pressure from above. If the price continues to fail below 0.70700, the likelihood of AUDUSD returning to lower support is quite high. The main target on the chart is 0.69400.
Regarding news, the RBA keeping interest rates at 4.35% means the AUD lacks a catalyst for a strong upward move. In this context, a rebound to the resistance but failing to break the downtrend structure could easily become an opportunity for sellers.
Reference strategy:
SELL: 0.70670 – 0.70700
SL: above 0.71000
TP: 0.69400
Currently, the price is around 0.70488, below the Ichimoku zone and still being pressured by downward pressure from above. If the price continues to fail below 0.70700, the likelihood of AUDUSD returning to lower support is quite high. The main target on the chart is 0.69400.
Regarding news, the RBA keeping interest rates at 4.35% means the AUD lacks a catalyst for a strong upward move. In this context, a rebound to the resistance but failing to break the downtrend structure could easily become an opportunity for sellers.
Reference strategy:
SELL: 0.70670 – 0.70700
SL: above 0.71000
TP: 0.69400
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Real-time market insights
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
LEVEL UP YOUR TRADING
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.