AUDUSD is currently trading at 0.64530 in the UK session. We have found a strong set up to short this pair. As we all know US-China trade war issues making the market more volatile. It will affect on AUD and NZD related pairs. Let’s move on to the 4-hour chart of AUDUSD.
We can see a double top on the 4-hour chart and also trading below the trendline. The next support is seen at 0.63700 and 0.62500 respectively. It looks bearish and should fall as per chart. On the other hand, if this pair able to close above 0.65300, it will remove the bearishness of this pair. So the next resistance is seen at 0.65300.
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This trading analysis is only for getting an idea about the current market situation. This is not a signal. These can be used for education purposes only.