AUDUSD is facing bearish pressure from our 20 EMA and a break below our downside confirmation could provide the bearish acceleration to our support target.
Trading Recommendation
Entry: 0.73449
Reason for Entry:
trend line, horizontal swing low support, 23.6% Fibonacci retracement
Take Profit: 0.72758
Reason for Take Profit:
Horizontal pullback support, 50% fibonacci retracement
Stop Loss: 0.73976
Reason for Stop Loss:
Horizontal swing high resistance, 76.4% fibonacci retracement
