Weekly Technical Analysis of Aud-USD Australian Dollar
Weekly Technical Analysis of Aud-USD Australian Dollar
The Australian dollar pair is trading on the D1 daily chart inside a main downside channel and below a cross zone which is 0.6665 - 0.6790 and this area is considered a strong selling area as the price broke it and re-tested it on 9-3-2020 and the price fell more than 1000 points.
We are waiting for resale from the same area while maintaining an appropriate stop loss
General trend: downside inside the channel and below the transverse zone