AUDUSD Sell trade opportunities
AUDUSD has broken the Support trendline and closed below with a very strong Bearish candle its a good opportunity to take a sell trade and the target will be the next support line
‘Always trade with Stop Loss "
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Points to consider for Sell Set up:
Price has broken downwards from the DAILY BEARISH FLAG PATTERN.
Price is currently retesting the break of the flag pattern and also the daily Break of Structure (BOS) price region/zone, which is also Golden zone of Daily Fib Retracement (61.8% to 78.6%)
Price Rejection is observed on the Higher Time Frame (HTF)
Overall, AUD/USD is ranging across. Recently, AUD/USD broke the support zone of 0.71000.
AUD/USD’s next support zone is at 0.68200 and the next resistance zone is at 0.71000.
Look for short-term selling opportunities of AUD/USD.
aud usd next month target
has crossed last month low
a target of november and december candle is remaining which is of 3808 point of which 1555 is covered
short next week i.e on 31 jan 2022 below 28 jan 2022's low candle
Overall, AUD/USD is ranging across.
The Australian Westpac Consumer Sentiment data (Forecast: NA, Previous: -1.0%) will be released tomorrow at 0730 (GMT+8).
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for selling opportunities of AUD/USD.
Overall, AUD/USD is ranging across. Recently, AUD/USD bounced down from the key level of 0.72.
The Australian Building Approvals m/m data (Actual: 3.6%, Forecast: TBA, Previous: -13.6% revised from -12.9%) released yesterday indicated an increase in the number of building permits issued in November, rebounding from the previous month’s decline.
Rising wedge patter formation on AUDUSD on a 4hr timeframe ! Target should be around 0.7096- 0.6998$ !
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