The AUD/USD Monthly chart is something I have been watching for a little while. I have been very bearish with many of the Aussie pairs on both a fundamental and technical level for some time, so it is no surprise that the AUD/USD has taken a skydive since July 2014.
Although I don't trade the monthly chart I am cognizant of the approach and then the break and close below the bullish trend line. As price has now broke and closed below .7532 I am looking at the first support level between .6982 and .6772. If price can respect this support level I will then be looking to narrow down an entry point on the lower time frames.
I will be looking to update this post in the coming weeks as price enters this first key support area.
Although this chart was posted in 2015 i am still holding the same analysis. Now we have a break and retest of the historical trendline support and i expect a long term retest of support 2 at .06323
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.