The AUSUSD is moving sharply lower on risk-off selling with technical breaks contributing ...Middle East

The price is now below the trend line and the swing area between 0.6254 and 0.6268, which is now acting as resistance. This level may attract sellers, and a rejection from this area could lead to further downside.

Key Levels:

Support: The next targets on a break of the 61.8% at 0.62097 and then a swing area between 0.6162 and 0.6178.

The video above will outline all the key levels and explain the importance for today and going forward.

This article was written by Greg Michalowski at www.forexlive.com.

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