AUDUSD rejection of 0.75400 resistance

For the past couple of days AUDUSD failed to break 0.75400 resistance zone. And as of 26 April 9.40am Msia Time, prices had a strong rejection. AUDUSD could be heading towards 0.74912. Second target 0.74800. If prices break above 0.7540, it will invalidate this downtrend analysis.

Kommentar:

market's had hit 0.74912, with lowest at 0.74890. As of writing, prices could be heading back to 0.74912. If that level breaks, second target will be 0.74800.

Kommentar:

taking into account of latest price action, new resistance is at 0.75300. If prices breaks above this resistance, it will invalidate this downtrend analysis.

Kommentar:

The markets hit 0.74801 target and my trade is closed. I will pay more attention to 4hr timeframes as it can help me get better price action.

Trade geschlossen: Ziel wurde erreicht:

trade was closed on apr 26