Technical analysis of AUD/USD 01/24/2020

AUD/USD currency pair is in the upward channel on the 1D timeframe. The pair is at downward correction within the channel and found support at the level of 0.6830 (intersection of MA100 with lines).
At this point, there is reason to assume the resumption of growth in quotes above 0.7030.
The cancellation of the growth option will be a decline below 0.6800, what will indicate the exit of quotes from the channel and a possible further decline to support in the area of 0.6680.


Created by Joshua Hayn

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