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Monthly Chart on AUDUSD by ThinkingAnts

Dólar Australiano/Dólar Americano (FX:AUDUSD)  
ThinkingAntsOk  
FX:AUDUSD   Dólar Australiano/Dólar Americano
Trend Analysis Support and Resistance Multiple Time Frame Analysis AUDUSD aud USD Forex swingtrading fx
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trendanalysis supportandresistance mtfa audusd aud usd forex swingtrading fx
Use this as a guide to develop your view.

Main items we can see on the Monthly Chart:

a)The price is on a significant support zone

b)In this zone, we had a reversal movement in the past, after a 40% decline on AUDUSD

c)Currently, we are on a 50% decline and the Major support zone and the Secondary support zone have been tested

d)Based on that, we expect a reaction on current levels, towards the descending trendline.
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