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YourLazyTrader

AUD/USD reversed from resistance, more decline ahead?

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
YourLazyTrader Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis AUDUSD audusdshort audusdforecast audusdanalysis
3
0
trendanalysis chartpattern beyondta audusd audusdshort audusdforecast audusdanalysis
Hello friends! AUD/USD has failed to break the 0.6650 resistance level. In fact, price has reversed after hitting the resistance zone.

Based on the price action in the daily chart, I believe AUD/USD will decline further. I have already sold AUD/USD at the resistance zone. In case price reaches the resistance zone again, I will consider adding further sells in AUD/USD.
Comment:
AUDUSD looks bearish even in the hourly timeframe
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