#AUDUSD @ 0.67807 bears are in the market and eye a test of trendline support.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- AUD/USD bears are in the market and eye a test of trendline support.
- Bulls committing at the current market structure.
The Australian Dollars has been buoyant at the start of the week as the US Dollar continued its retreat amid bets that US interest rates might have peaked, This has seen the price action move deeper into resistance as the following will illustrate:
The 4-hour chart shows the price on the front side of the bullish trend with a structure located at around 0.6780. The hourly charts show the price meeting support with resistance near 0.6790.
If the resistance holds, the trend support will likely come under pressure.
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
