Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
AUDUSD Price Analysis – February 20
The AUDUSD pair added to its intraday decline and fell to new multi-year lows, around 0.6620 regions during the late European session on Thursday, while the price stayed systematic, but the rate of the FX pair’s decline accelerated.
Key Levels
Resistance Levels: 0.7085, 0.6850, 0.6750
Support Levels: 0.6620,0.6540, 0.6479
AUDUSD Long term Trend: Bearish
In the long term, the fall of AUDUSD from 0.7085 (high) level is still ongoing. This is part of a larger downtrend from 0.7205 (high) level. Rejection of the moving average 5 and 13 on the horizontal short-term resistance confirms the bearish pair.
After that, the next target is 0.6540 (low) level. The trend may remain bearish as long as the resistance level of 0.7031 stays intact, even in the case of a strong rebound.
AUDUSD Short term Trend: Bearish
Today, AUDUSD fell to the level of 0.6620, and a break of the support zone of 0.6670 level strengthens the long-term resumption of the downtrend. The intraday bias returned to the reverse side.
Further, the immediate goal will be a partial projection from 0.6938 to 0.6650 with 0.6750 at the levels of 0.6540, and then a 100% projection at the level of 0.6479. On the other hand, a breakout of the 0.6750 resistance level is necessary to indicate a short-term fall. Otherwise, the trend may stay bearish in case of recovery.
Instrument: AUDUSD
Order: Sell
Entry price: 0.6650
Stop: 0.6750
Target: 0.6600
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
