BluetonaFX - AUDUSD Potential Resistance Break Opportunity
Hi Traders!
There is a potential resistance break opportunity here on the AUDUSD 1D chart. After breaking the previously established yearly low at 0.64583, the market made a new yearly low at 0.63646 and has found support there for the time being.
The market is either looking for a new wave of sellers or is on a reversal due to the lack of further bearish momentum to continue down. There are buying opportunities near the yearly low to target upside levels. We have a first target level at 0.65397 and a second target at 0.65999, but to get this, we MUST break above the 0.64583 resistance level with momentum. If the market does not break this level with momentum, we are very likely to continue down and see a new yearly low again.
Please remember to like, follow, and comment, as your support greatly helps.
Thank you for your support.
BluetonaFX
There is a potential resistance break opportunity here on the AUDUSD 1D chart. After breaking the previously established yearly low at 0.64583, the market made a new yearly low at 0.63646 and has found support there for the time being.
The market is either looking for a new wave of sellers or is on a reversal due to the lack of further bearish momentum to continue down. There are buying opportunities near the yearly low to target upside levels. We have a first target level at 0.65397 and a second target at 0.65999, but to get this, we MUST break above the 0.64583 resistance level with momentum. If the market does not break this level with momentum, we are very likely to continue down and see a new yearly low again.
Please remember to like, follow, and comment, as your support greatly helps.
Thank you for your support.
BluetonaFX
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Market has now broken the 0.64583 resistance now looking for a momentum push above 0.65000 to target 0.65397.