Can we finally see King Dollar recovery?
We saw AUDUSD sideways consolidate between 0.6775 and 0.6700 on the H1 timeframe before breaking support at 0.6700 and plummeting to 0.6570.
We then saw a pullback and shooting star rejection on the previous support, now resistance, as well as the golden fib, which formed a confluence of matrix for a reversal to the downside.
Could we see a continuation leg down and a run towards 0.6570 lows as well as a breakdown further to the 0.6500 zone.
One for the radar!
We then saw a pullback and shooting star rejection on the previous support, now resistance, as well as the golden fib, which formed a confluence of matrix for a reversal to the downside.
Could we see a continuation leg down and a run towards 0.6570 lows as well as a breakdown further to the 0.6500 zone.
One for the radar!
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.