AUD/USD Technical Bear Hypothesis 300609 [Trade]Current territory: AUD
Current Main Momentum: Neutral
Current Zone: Neutral
Main Resistance Materials: US inflation control, Gold & Silver price weakening, and traders selling-off (Strong)
Main Support Materials: Constituents AUD prior Overbought MM (Weak)
Issue: Price Consolidation Breakout Direction >
Valid observation:
• Possible bearish pivot point at <>0.8143ish (Daily/H4)
• Stop loss <>0.8178ish
• Possible price significant excess towards Target 1 at <>0.8094ish
Risk to Profit ratio: 1:1.5
Consensus: USD 1/3 bias
Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.
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