AUDUSD approaching channel support at 0.71468

4 thg 2, 2019

AUD/USD pair has been trading in rising channel and respecting the channel support and resistance, after touching the channel resistance at 0.72952 it has now been approaching channel support at 0.71468 on daily chart. Indicators like RSI showing short entry and MACD volume also decreasing indicating weakness in the pair. Traders can take short entry at 0.72336 with target 0.71552 and stop loss 73092 closing basis.