Keep an eye in the H4 chart
# 0.66750 has been working as a level of support
# Price may find its support at 0.66000 in case of a bearish breakout
# The buyers may wait for a Double Bottom to be formed at 0.66750
AUDUSD made a strong bearish move in the H4 chart. The pair has been traded around the level of 0.66750 for a while. The sellers may wait for the price to make a bearish breakout at that level to go short in the pair. The price may find its next support around 0.66000 if it makes a bearish breakout at the support level.
On the other hand, if the price makes a bullish breakout at 0.67350, the buyers may consider it as a neckline breakout of a Double Bottom. Thus, it may attract the buyers to go long in the pair. The price may find its next resistance around 0.68500.
Considering the chart, it looks good for both. Thus, this is a chart to keep an eye next week.
# Price may find its support at 0.66000 in case of a bearish breakout
# The buyers may wait for a Double Bottom to be formed at 0.66750
AUDUSD made a strong bearish move in the H4 chart. The pair has been traded around the level of 0.66750 for a while. The sellers may wait for the price to make a bearish breakout at that level to go short in the pair. The price may find its next support around 0.66000 if it makes a bearish breakout at the support level.
On the other hand, if the price makes a bullish breakout at 0.67350, the buyers may consider it as a neckline breakout of a Double Bottom. Thus, it may attract the buyers to go long in the pair. The price may find its next resistance around 0.68500.
Considering the chart, it looks good for both. Thus, this is a chart to keep an eye next week.
כתב ויתור
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