Currently, AUD/USD is trading at 0.7149. The pair is trading in an up trend from some time in a channel pattern, price has just touched the support level and It may rebound back from here. The pair may touch its strong resistance level at 0.7334 if it breaks the resistance level. It may also touch its strong support level at 0.7032 if it breaks the support level.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat