AUD/USD Daily Analysis – Monday, Feb. 25

AUD/USD remains in the downtrend from 0.7206, the bounce from 0.7069 is likely correction for the downtrend. Another fall could be expected after the correction and next target would be at 0.7000 area. Support is at 0.7069, a breakdown below this level could signal resumption of the downtrend.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.