AUD/USD:
The support level below the D1 chart of AUD/USD was successfully broken. And in the Asian session and the European session, the Australian dollar rose and then fell. Prices are expected to hit record lows.
The AUD/USD H1 chart continued to decline after the price reached the Fibonacci retest 0.5 position during the Asian session. And from the RSI indicator, it can be seen that the price still has a lot of room to fall.
Order suggestion:
There is a very high chance that the price will hit a new low. However, if you are pursuing insurance, you can first aim at the higher support level as a take profit point.
All transactions involve risks and 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.
