victoriajensen
Private, 1st Class
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Hello everyone,
I have decided to post my daily analyses, musings and thoughts about various currency pairs that I am interested in here. Mostly those cover EUR/USD and AUD/USD, but they are not limited to them.
Regarding AUD/USD, it is obvious the pair has been very bearish for the past months. Currently it is retracing and it may likely reach 0.7310, which was a stubborn support level which has now turned into a resistance, but once the retracement ends the pair will probably continue moving to the downside. A breakout below the last low at 0.7200 should confirm that.
I have decided to post my daily analyses, musings and thoughts about various currency pairs that I am interested in here. Mostly those cover EUR/USD and AUD/USD, but they are not limited to them.
Regarding AUD/USD, it is obvious the pair has been very bearish for the past months. Currently it is retracing and it may likely reach 0.7310, which was a stubborn support level which has now turned into a resistance, but once the retracement ends the pair will probably continue moving to the downside. A breakout below the last low at 0.7200 should confirm that.