Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
AUDUSD Daily Analysis 5/3/20
Australian Dollar / U.S. Dollar
Short
AUDUSD Daily Analysis 5/3/20
By ForexLeague
Follow
Follow
May 3, 2020
8
May 3, 2020
AUDUSD Short Idea
Last week we saw price action push up toward our key resistance around 0.65000 which was consistent with a strong bullish 4 hour trend.
Now we are seeing a bit of rejection from this level which fits the very bearish daily trend as well as higher timeframe trends.
If we see a clear break of 0.64000 then we can consider short positions.
If the overall bearish trend starts to take over here we could see a large push to the downside toward our monthly support around 0.60200
aud
AUDUSD
chartanalysis
Chart Patterns
Forex
forexsignals
Technical Indicators
patternanalysis
Trend Analysis
USD
ForexLeague
Follow
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.