–
AUDUSD Forex Pair Analysis
Time Frame : 1 Hour Chart
–
Watch for SELL Entry Setup
AUDUSD found some short term weakness off the resistance zone up at 0.6975 so we are now looking for a major squeeze on longer term buyers for a big move lower. There is two entries we are looking at and both are off lower highs. The bigger move with more confirmation is with an initial push below support at 0.6794 and then a lower high. A more aggressive entry is prior to a move below 0.6794 off the lower high. Both will depend on the USD strength continuing and a risk off move into share markets.
–
Currency Pair : AUDUSD
Current Price : 0.6859
Status : On watch for a break down through 0.6794
–
