AUD/USD: Since price moved below monthly pivotal support at

Tian Kriek

Analyst


January 23, 2020 04:01 AM

BEARISH

Daily Trading Range:
AUD/USD: Since price moved below monthly pivotal support at 0.6850, I expect consolidation between 0.6700 pivotal support and 0.6850 (now resistance). There is a Bearish Head and Shoulders pattern on the daily time frame suggesting that price will move to 0.6670. I shall start to look for sell trades in the event that the up daily trend line is broken.Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-23-jan/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7750
Resistance 2: 0.7250
Resistance 1: 0.7000
Current Price 0.6868
Support 1: 0.6850
Support 2: 0.6700
Support 3: 0.6400

Two Hour Chart

Two Hour Chart
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