The
Australian Dollar versus the US Dollar couldn’t stay above the 0.7900 level,
even though it tried to break it in a couple of occasions. On the 4 hour chart
we can see how the price is trying to come back down to the 0.7800 level, which
could become a good support for the pair. A little bit below the 0.7800 we can
see the 200 EMA (blue line), which could also help make this zone a good
support. Let us be attentive to a possible visit to the 0.7800, because the
price may try to bounce to the upside from there.
I too am pretty certain it will return to 0.7800 or perhaps fall even lower as there is a doji candlestick on the daily chart right under the resistance at 0.7900.
ReplyDeleteThe up trend seems to be losing strength.
ReplyDeleteI agree with your analysis.
ReplyDeleteVery Good analysis. The doubt is large!
ReplyDeleteGood point! I´ll be watching to those levels.
ReplyDeleteGood analysis.
ReplyDeleteI agree with you, thanks.
ReplyDeletevery useful analysis.
ReplyDeleteI think this is very interesting information.
ReplyDelete