AUD/USD Chart Analysis (Click on image to enlarge)
AUD/USD 15-Minute Chart (Source: )On the 29th Oct 2024 price continues following the selling trend, respecting both the support and resistance area as marked on the chart.Trading opportunity triggers best when prices go in a channel. You can plan multiple safe entries with a small stop loss in such a situation, while the RSI supports the trend. Whenever the price goes near the 64 RSI level, chart prices take rejection from the resistance trendline.If talking about the selling entry trigger in the current situation, then we can see currently, RSI and chart are following historic data. Entry can be planned in two ways.
AUD/NZD Chart Analysis (Click on image to enlarge)
AUD/NZD 15-Minute Chart (Source: )On 29th Oct 2024, prices moved sideways, following the resistance trendline while taking support from the supporting trendline.On 30th Oct 2024 current market condition, we can see price has broken the supporting trendline and a major level of 1.09794, which is a major support level. You can open a selling position at the current level since prices have successfully broken the 1.09746 level and continue moving downwards. Safe traders can make an entry when the price again takes rejection from the 1.0962 level for the targets of 1.90613 and 1.09379, with 1.09871 as the target. More By This Author:Bitcoin and Ethereum: Analysing the Market’s Next MoveEURUSD And GBPUSD: The Second Part Of The Week Is Recovery Gold And Silver: Metal Prices Fall To New Weekly Lows
