AUDUSD Forex Analysis - Retest & Failure AT 0.7000 level?

Duncan Cooper - Senior Market Strategist & Trading Mentor

2023-02-08 09:43:28

 

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the AUDUSD weekly, daily, and 4-hour charts.

Price is rallying back towards the 0.7000 level.

0.6984 - 0.7000 the daily resistance level and the Figure.

0.7041-42 the 4 hour resistance level and 62% fib retracement level.

Watching for price to rally and fail at an intraday resistance level for a further decline targeting the 0.6826 monthly support level.

AUDUSD weekly chart on ACY MT4
AUDUSD daily chart on ACY MT4
AUDUSD 4-hour chart on ACY MT4

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Yazar

Duncan Cooper is a full-time trader and mentor and the Senior Market Strategist at ACY Securities. Trading full-time since 2009, Duncan's insights are from the battleground of real-time markets, not theory, and he thrives on educating traders to reach their financial goals.

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