Hi Viewers,
Hope you are doing good and are safe.
Let quickly go through the 1 hour candle chart for AUDUSD as shown below and will discuss trading opportunities during our analysis.
The short yellow line is the immediate support for AUDUSD and it seems it has taken support on the same but the bounce back has to be strong which we need wait and watch before taking any position for upside.
The chance to short is below the short term resistance but have to be carefull as it will be touching a big support (the second yellow line) where we can expect good bounce. Although we need be carefull as it will going third time on this support if you check the chart below.
Lets watch how this moves ahead and review again in future. Thanks for visiting, do let us know if you have any queries/doubts/suggestions.
Hope you are doing good and are safe.
Let quickly go through the 1 hour candle chart for AUDUSD as shown below and will discuss trading opportunities during our analysis.
The short yellow line is the immediate support for AUDUSD and it seems it has taken support on the same but the bounce back has to be strong which we need wait and watch before taking any position for upside.
The chance to short is below the short term resistance but have to be carefull as it will be touching a big support (the second yellow line) where we can expect good bounce. Although we need be carefull as it will going third time on this support if you check the chart below.
Lets watch how this moves ahead and review again in future. Thanks for visiting, do let us know if you have any queries/doubts/suggestions.
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