Forex Signals – AUD/USD Technical Analysis and Forecasts [29-07-2020]

AUDUSD Forex Trading Signal

AUDUSD Technical Analysis and Forcasts 

Price Expected to Continue Downtrend.

Time Frame- 4H

1- Market Sentiment – Bearish.

2-Price Bounce Back at Resistance Level

Trade Setup

Position :- Short
Entry Level :- 0.7170
Stop Loss Level :- 0.7300(130 pips)
Take Profit Level :- 0.6850(220pips)

Alternative scenario

UP Trend Maybe Continue if price break Above 0.7200 which will leads to 0.7300

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Note:-

Forex Trading is Highly Risky Business , do your own research and be aware of the risks and rewards. Always use Stop Loss. 

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