AUDUSD Breaking trendline down.
AUD/USD Intraday Bearish
Pivot point: 0.7690
Aussie plummeted and closed between the first and second support level. If the trend keeps bearish, then the support level 0.7616 might not hold and causing the pair to fall further to 0.7569. However, if the bullish momentum returns then the first resistance level of 0.7736 may be broken and gains could possibly extend to 0.7810.
Resistance level 1: 0.7736 Resistance level 2: 0.7810 Resistance level 3: 0.7857
Support level 1: 0.7616 Support level 2: 0.7569 Support level 3: 0.7496
Pivot point: 0.7690
Aussie plummeted and closed between the first and second support level. If the trend keeps bearish, then the support level 0.7616 might not hold and causing the pair to fall further to 0.7569. However, if the bullish momentum returns then the first resistance level of 0.7736 may be broken and gains could possibly extend to 0.7810.
Resistance level 1: 0.7736 Resistance level 2: 0.7810 Resistance level 3: 0.7857
Support level 1: 0.7616 Support level 2: 0.7569 Support level 3: 0.7496
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