AUDUSD Analysis 19/11/14

FX:AUDUSD   Australian Dollar / U.S. Dollar
160 0 2
Long term trend: Down
Medium term trend: Down
Significant Levels: 0.9000 (Significant Round Number), 0.8680 (Horizontal Resistance), 0.8550 (Horizontal Support), Trend Line

We are still bearish with this pair. Currently, the price is below the resistance. We want to see the price to close below it for a much bearish confirmation. There is no high quality setup here right now for us to trade.

This pair had been hard to trade recently. The downtrend is not so smooth lately. Price goes up and down, but despite that, we are still looking for the market to go down. We just have to look for a nice setup for us to trade the Short side of the market. Always refer to the lines I put in the chart.

Trade well.
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