Daily Analysis 16/11/2021

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: 0.755
From the daily chart, it indicates it is in a uptrend.

 

H4 AUD/USD

Support & Resistance: R1: 0.755
From the H4 chart, price has broke the downtrend resistance line, traders can trade long position after it retests.

TRADING TIPS


Long Position

0.734

0.754

0.724