To technically analyze the USUAL/USD currency shown in the image, I will explain the steps and draw the required levels hypothetically:
Technical analysis:
1. General trend: The apparent trend is down based on the decreasing highs and lows on the chart.
2. Support levels:
• First support: close to 0.9000, a level from which the price has recently tried to rebound.
• Second support: at 0.8650, which is the lowest price during the 24 hours.
3. Resistance levels:
• First resistance: at 0.9500, where there are previous candles that closed at this level.
• Second resistance: at 1.0000, which is a strong psychological level.
Trading Strategy:
• Buy entry: Upon a clear bounce from the support of 0.9000 with confirmation by a bullish candle.
• Sell Entry: If the price breaks the 0.9000 level with a strong candle and closes below it, the support 0.8650 can be targeted.
• Stop loss:
• To buy: below 0.8900.
• For sale: above 0.9400.
