Technical analysis of AUD/USD 01/29/2020

The AUD/USD currency pair broke down the support of 0.6800 and went beyond the upward channel on the D timeframe. At this point, quotes are in the area of 0.6750.
The current technical picture means the pair will continue to decline to last year’s lows at 0.6680.
Cancellation of the option to continue the decline will be a strong growth above 0.6850, what will indicate the resumption of the upward trend in the 1D timeframe.

AUDUSD_STPDaily

Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
5.0 out of 5 based on 1 rating

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>