Technical analysis of AUD/USD 02/15/2021

The AUD/USD currency pair is moving with an upward trend on the daily chart. The pair found resistance at 0.7820, after what it corrected to 0.7560 and currently the pair is trading at the level of 0.7750.
If the pair manages to break through the resistance and consolidate above the level of 0.7820, the next key resistance will be at 0.8130 (2017-18 high).
Cancellation of the uptrend development option will be the pair’s decline below 0.7550. What will mean the breaking of the uptrend line and the development of a downward correction on the daily timeframe.


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Your email address will not be published.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>