July 13, 2021 10:24 am

AUD to USD Trading Analysis 13-07-21:

As we can see in the H4 chart, AUD to USD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 2/8, break it, and then continue moving downwards to reach the support at 1/8. However, this scenario may be canceled if the price breaks 3/8 to the upside. After that, the instrument may reverse and grow towards the resistance at 4/8. aud-usd-13-7-forexnewsbdIn the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.  

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