Technical analysis AUDUSD
Price now is moving toward downside move after touching the 0.6522 zone and pulledback again and has been closed below value area 0.6445.
So it is expected for the price to reach 0.6325 level.
Confluences:
1-Price is moving above below EMA 200 at Daily chart which coincide with downward structure.
2-Bearish price action candles at 4H chart.
3-Price now closes below high liquidity area after re-testing it 0.6445.
So it is expected for the price to reach 0.6325 level.
Confluences:
1-Price is moving above below EMA 200 at Daily chart which coincide with downward structure.
2-Bearish price action candles at 4H chart.
3-Price now closes below high liquidity area after re-testing it 0.6445.
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