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AUDUSD: Bearish, Focus Turns To The 0.7197 Level

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 22, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUDUSD: The pair remains weak and vulnerable to the downside triggering further weakness during Wednesday trading session today. This is coming on the back of its failed recovery attempt on Tuesday. On the downside, support comes in at the 0.7197 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards the 0.7050 level. Its daily RSI is bearish and pointing lower

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