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AUDUSD: Remains Vulnerable On Price Failure

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUDUSD: Having the pair halted its upside pressure to close lower on Thursday, further weakness is envisaged. On the downside, support resides at the 0.7450 level where a breach will aim at the 0.7400 level. Below that level will set the stage for a run at the 0.7350 level with a cut through here targeting further downside pressure towards the 0.7300 level. On the upside, resistance lies at the 0.7550 level. A cut through here will turn attention to the 0.7600 level and then the 0.7650 level

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