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Title
AUDUSD, H4 | Potential drop to intermediate support
Type
Bearish Continuation
Preference:
We're seeing price tested and bounced back from the support line. There is a chance that the price go down and break this level, looking for a sell entry at 0.68554, taking profit at the recent swing low.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.