AUD/USD: On the Weekly chart I can see that a Counter Trend

Tian Kriek

Analyst


April 21, 2021 01:02 PM

BULLISH

Daily Trading Range:
AUD/USD: On the Weekly chart I can see that a Counter Trend Line wasbroken yet again and considering that the Weekly Down Fibonacci D extension was missed I expect price to try and hit the D extension again. Therefore the Direction of Highest Probability is Bearish. On the Daily chart I can see that the Fibonacci D extension was hit suggesting that price is overebought Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/aod-ny-workspaces-21-apr/

Daily Chart

Daily Chart

Daily Support and Resistance

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

Two Hour Chart

Two Hour Chart
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