AUD/USD: The market broke the up counter trend line on the

Tian Kriek

Analyst


June 19, 2018 10:29 PM

BEARISH

Daily Trading Range: 62
AUD/USD: The market broke the up counter trend line on the daily chart and formed a  bearish crown. The market is at a low price and I expect a retracement to  the backside of the daily broken counter trend line to establish the  right tip of the bearish crown   The Daily StochasticRSI is also Bullish

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7750
Resistance 2: 0.8460
Resistance 1: 0.8530
Current Price 0.7394
Support 1: 0.7730
Support 2: 0.7500
Support 3: 0.7300

Two Hour Chart

Two Hour Chart

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