AUD/USD finished higher and closed lower at 0.69378 yesterday. The downtrend on the D1 chart is still ongoing. The distance between the SAR indicator and the price is very large, indicating that the bears are still very strong. The MACD indicator bear trading volume still continues to break through the signal line, and the price has further room to fall. The double line of the RVI indicator is below the price, and the indicator is also gradually forming a death cross.
The 200MA in the H1 chart is above the price and the trend is still mostly bearish. Currently H1 prices are fluctuating. You can wait for the MACD indicator trading volume to rise further before entering the market.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
