AUD/USD Buying Signals
Australia’s currency fell by 56 basis points or 0.74% against the Greenback on Monday. The decline was stopped by the weekly pivot point at 0.7557 during Monday’s trading session.
Technical indicators suggest buying signals on the 4H time-frame chart. Most likely, the AUD/USD currency pair could edge higher during the following trading session. The possible target for bulls would be at the weekly R1 at 0.7653.
However, the resistance level at 0.7620 could provide a barrier for bullish traders within this session.
Reprinted from ActionForex，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.