September 04, 2020 at 02:28PM
• AUDUSD under bearish pressure
• Likely to fall to 0,7200
AUDUSD under bearish pressure following the earlier downward reversal from the long-term resistance level 0,7400 (monthly high from the end o 2018).
The resistance zone near the resistance level 0,7400 was strengthened by the upper weekly Bollinger Band.
AUDUSD is likely to fall further toward the next support level 0,7200 (which created the bottom of the two previous weekly candles)
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/audusd-wave-analysis-4-september-2020-20200904/
Selected by fonecable.com
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?