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Farooq

Technical Analysis – AUDUSD _ 28-02-2019

HomeTechnical AnalysisTechnical Analysis – AUDUSD _ 28-02-2019
28
Feb
Technical Analysis – AUDUSD _ 28-02-2019

The pair is moving in a sideways direction between resistance 0.7190 and support 0.7075 … It is preferable to remain neutral until one of these levels is breached to confirm its direction.
A breach of 0.7190 – 0.7200 could push the pair to target resistance at 0.7290 as the first target, then resistance 0.7385 as the second target
A breach of support at 0.7075 could press the price to reach the 61.8% Fibonacci level at 0.6960 as the first target and the breach may extend from the downside wave to test support 0.6840 as the second target


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