Daily Video Analysis: AUDUSD broke below trendline support! Drop incoming!

Today we take a look at AUDUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.

AUDUSD broke below ascending trendline support (now resistance). A further drop below 1st resistance at 0.73500 towards graphical swing low and 1st support at 0.73173 could be possible. Technical indicators are showing room for further bearish momentum as well.

The material has been provided by InstaForex Company - www.instaforex.com

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