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Hello my dear fellow community members,
This is a new month and I present to you a setup in AUDSD where you can easily see a setup emerging. There is a confluence of support near .7600 levels. If the pair takes support here then the upside target is the resistance zone in .7730 area.
AUDUSD DAILY CHART
A daily candle closing below the rising trendline shown in red colour will open the downside targets near March lows followed by December's lows. Any comments about the setup are welcome.
Happy trading to all.
This is a new month and I present to you a setup in AUDSD where you can easily see a setup emerging. There is a confluence of support near .7600 levels. If the pair takes support here then the upside target is the resistance zone in .7730 area.
AUDUSD DAILY CHART
A daily candle closing below the rising trendline shown in red colour will open the downside targets near March lows followed by December's lows. Any comments about the setup are welcome.Happy trading to all.
