Audusd decreases with trends
Dear friends, AUDUSD continues to decline after failing to break out of the previous downtrend, and it is currently trading around 0.6345.
The 4-hour chart indicates an extended downward trend, suggesting that the price may continue to decrease within the stable trend on the 4-hour timeframe.
The next target for this currency pair could be a drop towards the trendline at 0.6220. Do you agree with my analysis?
The 4-hour chart indicates an extended downward trend, suggesting that the price may continue to decrease within the stable trend on the 4-hour timeframe.
The next target for this currency pair could be a drop towards the trendline at 0.6220. Do you agree with my analysis?
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Trade closed: target reached
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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.