In yesterday's analysis, I expected further selling pressure on AU with 0.7690 support zone as the initial target, based on the as the market rejected 0.7795 minor resistance recently forming a lower high sequence & downwards violation of the trendline, which was exactly what the market performed. Currently will be looking for short-term selling opportunities after some pullback with 0.7640 key support zone as the initial target. However, do pay attention to 0.7690 support zone, if there's more rejection at that zone we could expect some short-term bullish rotation or choppiness back towards 0.7736 resistance zone. Do not forget the overall trend on the higher timeframe remains bullish.
Will keep it updated on Monday (18th Jan) during the Asia session. Trade safe.
Do follow my profile for daily fx forecast & educational content.
Will keep it updated on Monday (18th Jan) during the Asia session. Trade safe.
Do follow my profile for daily fx forecast & educational content.
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