AUDUSD formed bearish rejection candle on weekly chart. It rejected from its near term resistance area at 0.8210. On that level, spinning top was formed on daily chart, then a long bearish candle give confirmation for sell signal. This pair is towards its physiological area at 0.8000 level. It can be key point for this pair.
Submit Your Comments:
For sell entry, we need to wait for some retracement. Selling zone lies on 0.8200-0.8220 area. For sell entry, target will be 0.8000 area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 0.8264
Resistance One (R1): 0.8177
Pivot Point: 0.8127
Support One (S1): 0.8040
Support Two (S2): 0.7990