Daily Analysis 12/10/2021

DAILY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

 

DAILY AUD/USD

Support & Resistance: R1: 0.743
From the daily chart, price is reaching towards the resistance level of the triangle chart pattern.

 

H4 AUD/USD

Support & Resistance: R1: 0.743
From the H4 chart, traders can trade a short position after it holds below the resistance level.

TRADING TIPS


Short Position

0.742

0.73

0.75