AUDUSD breaks the trend line
Target: 0.7000
Risk: 0.7285
Technical reason:
The bullish trend line is broken, and the price falls under the pressure of the exponential moving average 50 and 100, waiting for expected decline in the coming period, and the next target at 0.7000.
The price stability below 0.7285 keeps the negative pressure valid
Risk: 0.7285
Technical reason:
The bullish trend line is broken, and the price falls under the pressure of the exponential moving average 50 and 100, waiting for expected decline in the coming period, and the next target at 0.7000.
The price stability below 0.7285 keeps the negative pressure valid
Disclaimer
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.