AUD/USD: The monthly down Fibonacci D extension has been hit

Tian Kriek

Analyst


March 27, 2020 08:59 AM

BULLISH

Daily Trading Range:
AUD/USD: The monthly down Fibonacci D extension has been hit and this means that price is getting ready for a retracement. The monthly probability is Bullish. I am waiting for aggressive inner trend lines on the weekly and the daily chart to be broken to the upside before looking for up ABCD swings. Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-27-mar/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7750
Resistance 2: 0.7250
Resistance 1: 0.7000
Current Price 0.6023
Support 1: 0.6850
Support 2: 0.6700
Support 3: 0.6400

Two Hour Chart

Two Hour Chart
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