AUDUSD: Thoughts and Analysis
Today's focus: AUDUSD
Pattern – Support hold
Support – .6285
Resistance – .6425
Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart. Currently, we are watching price from 6285 support; if this level can hold and the USD continues to push lower, we will look for further upside from the AUDUSD. If buyers can get a mini run going, we see 6425 as the first resistance.
If sellers can break today's rally and move below support, this could set up a new leg lower that could test lower 6200 areas if seller momentum can get going.
Let's see if buyers can continue to hold 6285 support.
Good trading.
Pattern – Support hold
Support – .6285
Resistance – .6425
Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart. Currently, we are watching price from 6285 support; if this level can hold and the USD continues to push lower, we will look for further upside from the AUDUSD. If buyers can get a mini run going, we see 6425 as the first resistance.
If sellers can break today's rally and move below support, this could set up a new leg lower that could test lower 6200 areas if seller momentum can get going.
Let's see if buyers can continue to hold 6285 support.
Good trading.