AUD/USD: The inner trend line on the Weekly chart was broken

Tian Kriek

Analyst


January 20, 2021 01:24 PM

BEARISH

Daily Trading Range:
AUD/USD: The inner trend line on the Weekly chart was broken to the downside suggesting that the probability is Bearish. Wait for the Weekly candlestick to close below the broken trend line to confirm the break. On the Daily chart I see a Down Fibonacci ABCD swing with the D extension at 0.7638 about +30 pips away. Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/aod-ny-workspaces-20-jan/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7750
Resistance 2: 0.7250
Resistance 1: 0.7000
Current Price 0.7739
Support 1: 0.6850
Support 2: 0.6700
Support 3: 0.6400

Two Hour Chart

Two Hour Chart
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