AUDUSD: Major Support at Play
Big wick on the daily, testing key support. Bulls are defending, but sellers are persistent. Big tier 1 support / resistance flip incoming?
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Discussion Thread (6)
I'd say the 0.7000 level is more pivotal than the wick suggests, let's see if buyers step in there.
Re-testing 0.69, big picture.
Riding 50 EMA, watching for a flip to resistance.
agreed, that daily wick's a head-turner. eyeing 0.7250 as the make-or-break. bulls need a strong close above to regain mojo.
Watching 0.7750 like a hawk; could be our bogey
EWZ support late!