AUD / USD Bearish; Beware Support

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AUD / USD Bearish; Beware Support

Preferences: BEARISH

Reference Area: 0.74946 – 0.75377 (search for BEARISH signal confirmation)

Support: 0.74246, 0.73547, 0.73115

Resistance: 0.74946, 0.75377, 0.76076


The AUD / USD movement is in BEARISH condition and currently the price is trying to test the support area. Beware of stochastic indicator is in potentially bullish condition. As forex strategy today, if AUDUSD move up and hold strong at resistance at 0.74945 – 0.75377 then look for confirmed SELL signal which there is potential price move back up towards support at 0.74246. But if resistance at 0.75377 penetrated that there is potential price will move up towards resistance at 0.76076.

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