Chart of the Day AUDUSD

/ Chart of the Day / By Alex

AUDUSD is reaching the confluence of a downside support

AUDUSD is reaching a strong upside resistance and a downside support confluence 0.6850-06900. A daily close below 0.6820 is required for a downside continuation. Now only a break above the 0.6950 will invalidate the downside extension. ARMAT trading system is neutral

Note: look for the short trade opportunities with a stop loss above 0.6870

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