FX.co ★ Daily Video Analysis: AUDUSD broke below moving average! 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 moving average and looks to face further bearish pressure. A further drop below our 1st resistance at 0.73973 towards our 1st support at 0.73612 could be possible.