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IconicAdvisors

AUDUSD Short Long Term Play

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
IconicAdvisors  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
Position and Analysis - Looking to Short AUDUSD at current levels based on weak fundamentals for the AUD and a strong technical setup.

SHORT AUDUSD between 0.7100 to 0.7150.

STOP LOSS above 0.7190 (major resistance at 0.7160 - previously 2016 daily support level).

TAKE PROFIT - Conservative Target 0.6900 or for a longer term play to test the 2015 low of 0.6820.

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