Weekly Technical Analysis Report 23 June – Bearish outlook on AUDUSD
Weekly Technical Analysis Report 23 June – Bearish outlook on AUDUSD
1. This week’s outlook on AUDUSD: Bearish outlook seen
The price on the H4 timeframe has recently breached the consolidation range of 0.6750 and 0.6800, indicating a breakout. A throwback to the resistance zone at 0.6750 could provide the bearish acceleration towards key resistance-turned-support zone at 0.6650, which coincides with the 227.2% fibonacci extension level. Price is hovering below our ichimoku cloud and 20 EMA, supporting our bearish bias.
Bearish Outlook on AUDUSD – 23 Jun 2023 by Salzworth on TradingView.com