AUDUSD Daily Analysis 2/1/20
AUDUSD Short Idea
Overall, Audusd is visibly bearish on multiple timeframes
Currently price action is at a major support around 0.66800. From here we’re looking for two potential outcomes. A bounce or a break
If we see a bounce, price action is likely to retest the broken 0.68000 area
If we see a break we’re looking to target down toward our next weekly support near 0.64000
Overall, Audusd is visibly bearish on multiple timeframes
Currently price action is at a major support around 0.66800. From here we’re looking for two potential outcomes. A bounce or a break
If we see a bounce, price action is likely to retest the broken 0.68000 area
If we see a break we’re looking to target down toward our next weekly support near 0.64000
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