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YourLazyTrader

AUD/USD broken support turned could turn resistance

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
YourLazyTrader  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis AUDUSD audusdshort audusdforecast audusdsignal audusdanalysis audusdsell
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trendanalysis chartpattern beyondta audusd audusdshort audusdforecast audusdsignal audusdanalysis audusdsell
AUDUSD has reached a key level around 0.7320 where we have seen a price rejection.
This level was a key support level which was broken strongly and now this area could act
as a resistance.

The following could be a potential trade

Sell entry@0.73-0.7330
Stop Loss@0.7360
Target 1: 0.7250
Target 2: 0.7200
Target 3: 0.7100
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