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Farooq

Technical Analysis – AUDUSD _ 20-02-2019

HomeTechnical AnalysisTechnical Analysis – AUDUSD _ 20-02-2019
20
Feb
Technical Analysis – AUDUSD _ 20-02-2019

The price has been floating since the end of yesterday around 0.7170, the latest trend structure is rising as we see on the four hour chart, but it is better to wait for an actual breach to confirm the upside towards 0.7230 as the first target and then 0.7290 as the second target.

A rebound below 0.7075 could trigger the downside scenario again to be the potential targets around 0.7020 as the first target and then the 61.8% Fibonacci retracement of the recent bullish wave around 0.6960 as the second target.


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