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Farooq

Technical Analysis – AUDUSD _ 22-02-2019

HomeTechnical AnalysisTechnical Analysis – AUDUSD _ 22-02-2019
22
Feb
Technical Analysis – AUDUSD _ 22-02-2019

The pair is rising during the morning session of the day back from the support level 0.7075 … It is better to remain neutral until the exit of the price from the area specified on the chart to confirm its direction …

A breach of 0.7075 could push the price to target support at 0.7020 as the first target and then the 61.8% Fibonacci level of the last rising wave around 0.6960 as the second target at least.

A return to the upside and a breach of 0.7170 could push the price to target the next resistance around 0.7230 as the first target and then 0.7290 as the second target.


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