The AUD/USD D1 chart remains in a downtrend. It can be seen that the price wants to break through the upper resistance level many times, but the breakthrough is hopeless and then weakens. At present, the 200MA is also below the price, indicating that the downward trend of the market is still obvious. Just wait for the market to pull back and go short. The MACD bearish volume has also crossed the signal line surface and the downtrend is very strong.
The H1 chart formed a descending channel, and the price touched the top of the channel and then fell back. It can also be seen that the 200MA is still above the price, and the bear trend is obviously still there. The price has also recovered almost, and will continue to usher in a downward trend.
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.
