Price is at the support level of 0.90509 its a crucial point where price may likely break to the downside if we see a further increase in bearish momentum. In recent days week, we saw how price picked a momentum sell from the price of 0.92595 and dropped to the current support. This was due to the recent Canadian dollar(Quotes) being strongly bullish over the base (AUD). If we’d get a break of that level. More bearish momentum is envisaged
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.