These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
The attempt at the .6972 resistance level was quickly matched with selling pushing prices close to key support at .6862.
With AUDUSD firmer in its' respective range the same may follow through on this pair given their correlation, however the bias on this pair remains neutral at this time.
If intraday spike low holds we may see another attempt at the .6972 resistance figure. A failure to hold however will likely see a push back down to the .6862 key support.
A break above .6972 is required to swift bias to the upside and put buyers in control so patience is key at this point in time.
I hope this offers some directional clarity on this pair.
Enjoy!
Good evening traders!
The attempt at the .6972 resistance level was quickly matched with selling pushing prices close to key support at .6862.
With AUDUSD firmer in its' respective range the same may follow through on this pair given their correlation, however the bias on this pair remains neutral at this time.
If intraday spike low holds we may see another attempt at the .6972 resistance figure. A failure to hold however will likely see a push back down to the .6862 key support.
A break above .6972 is required to swift bias to the upside and put buyers in control so patience is key at this point in time.
I hope this offers some directional clarity on this pair.
Enjoy!
