AUD/USD Quick Analysis (Supply and Demand)The Price is now compressing down slowly to the Demand Level as you can see in the Chart. The Fake Support at the Fake Out Zone has been broken by Sellers. This Fake Support was created by the Market and tested two times, at S1 and S2.
The Banks and the big Institutions are preparing to clear the lows and the stop loss of retail traders who are in Buys. After this, a lot of traders will join the sell mood and start selling. The Market Manipulation has already started.
All Supply and Demand Traders know that every gap or void must be filled.
We have a very Strong Confluence of Support in the 0.6930 - 0.6990 area. This is the real support. Our Buy Area is the Green Circle in the Chart. So we will set our Pending Order and wait for price to get there..🙏🙏
Confluence of Support (Three Types of Supports):
Weak Horizontal Support at 0.6960 - 0.6970
Pivot Point Support 3 (S3) at 0.6967
23.6% Fibonacci Support Level (H1 Chart) at 0.6965
