AUDUSD slides after rejecting 0.7640
Login

AUDUSD slides after rejecting 0.7640

Estimated Reading Time: 1 minute
Article Rating:
Based on 1 vote
Login to rate this article.

Orlando Gutierrez

Updated:
Key Resistance: 0.7640
Key Support: 0.7540

This week the AUDUSD broke with a massive level of support on the daily/weekly and now has retraced back to retest it whilst the USD is rallying hard (+2.33% – 3 week move)

Let´s look at the 2H chart now for the setup.

Price broke with the 0.7640 level whilst trading in a very structured bearish move. This level confluences with the weekly pivot (also rejected) and the 0.382 retracement of the 0.7850-0.7530 move (-4.05%). It also confluences with the 76.4% retracement of the last leg down.

Everything points at a further decline in the Aussie.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News