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AUD/USD: 'Breakaway Gap' led to new low

AUD/USD: 'Breakaway Gap' led to new low

Information is not investment advice

There's a 'Breakaway Gap', so we've got a new local low. However, it's likely to have a local downward correction in the short term, so we should keep an eye on the previously tested resistance at 0.7024 as a possible target. If a pullback from this level happens next, bears will probably try to reach another support at 0.6947.

5-5-2019-AUD-USD-H4.png

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