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16.06.2021 11:25 AM
AUDUSD facing bearish pressure and holding below moving average resistance and descending trendline resistance. An intraday drop below our 1st resistance at 0.76998 towards graphical swing low support and 1st support at 0.76744 could be possible.
Trading Recommendation
Entry: 0.76998
Reason for Entry:
61.8% Fibonacci retracement, descending trendline resistance
Take Profit: 0.76744
Reason for Take Profit:
Graphical swing low support
Stop Loss: 0.77160
Reason for Stop Loss:
Graphical swing low resistance
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