AUD/USD Price Analysis: Bears are hungry for more, 0.7360s eyed

Market news

14 April 2022

AUD/USD Price Analysis: Bears are hungry for more, 0.7360s eyed

AUD/USD bears are hungry for more and target the downside support area.
The 38.2% Fibo has served as a resistance.

As per the prior analysis, AUD/USD Price Analysis: More to come from the bears? the price has continued to deteriorate, and the weekly support is targeted.

AUD/USD prior analysis

AUD/USD live market

As for the daily chart...

The price rallied into the 38.2% Fibonacci retracement area and has started to crumble again as the bears engage, hungry for a lower low and to target the liquidity in the prior resistance that meets with a dynamic trendline support area near the 0.7360s.

Currencies. Daily history for Thursday, April 14, 2022

Commodities. Daily history for Wednesday, April 13, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.