2023-01-28 13:01:39
#AUD/USD Daily Analytics Update 28th January
- Today, I want to talk to you about the AUD/USD chart.
On the chart, we can see how the Australian Dollar formed an upward channel and is trading inside.
Also, inside of channel, the price created a resistance level, from which it bounced off and begin to decline.
Now the price is below the resistance level and can continue to fall.
I expect that price continue to go down and can reach the support line of channel.
So I decided to set two targets.
First target I set at level 0.0750, second target I set at level 0.6985 which coincide with the support line.
This is my opinion, I really hope it will be useful for you.
- To open position only after confirmation and setup which you trade
- Always do your own research before opening positions and always put SL
https://www.tradingview.com/x/phtIEcTG/
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