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AUDUSD Forex Pair Analysis
Time Frame : 1 Hour Chart
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Watch for SELL Entry Setup
AUDUSD is struggling up near resistance and is holding below the 0.6975 zone which may lead a few bulls to questioning whether there will be further strength. There is a lot of fuel that has built up over a long period of time that could be targeted for a squeeze lower. Watching the 0.6925 zone to see how buyer react and for a potential short entry setup. If the shorts start to pile on the pressure, we may see a move down to 0.6840 and then to 0.6794 support.
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Currency Pair : AUDUSD
Current Price : 0.6945
Status : On watch for a break down through 0.6925
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