A brief on AUDUSD

  • Decent offers seen ahead of 0.7900
  • Sizeable stops in place on a break.
  • There’s also a barrier at the big figure too
  • Price continues to be resisted at the 61.8 fib of the Sep swing down at 0.7886 but too many tests is a worry
  • 0.7885/95 a prior top from Oct
  • Main support down at 0.7800/10
  • Intraday support found around the confluence of 55 H4MA at 0.7832 & 200, 55 & 100 H1MA’s at 0.7836/39/43 following retail sales jump. More minor support at 0.7860
  • 200 WMA at 0.7859 worth watching for a weekly close
AUDUSD H4 chart

AUDUSD H4 chart

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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