AUDUSD Trade Idea

٨ يناير ٢٠٢١

In yesterday's analysis, I expected short-term selling pressure due to the violation of the trendline with 0.7740 as the initial target, which was exactly what the market performed. Due to the temporary shift in momentum, we will remain neutral bias at the moment. Do pay attention to both 0.7773 (resistance) & 0.7740 (support) zones. If price rejects off 0.7773 resistance zone we could expect some short-term rotation back towards 0.7690. If we begin noticing strength in AU, we need to see price clearly stays above 0.7780 zone, with bullish continuation setup towards 0.7820 (daily high) & 0.79 level.

Trade safe.

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٨ يناير ٢٠٢١

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