Sforex
Short

Aussie: The downtrend is not over. Expect break 2015 LOW.

FX:AUDUSD   Australian Dollar / U.S. Dollar
121 0 0
Last week, AUDUSD             fell 5 consecutive days and lost 370 pips.

Clearly, China stock crash weighted strongly on Aussie.

The question is does this trend continue in this week or halt to find momentum ?

I think 370 pip drop created a strong pressure on Aussie. and this trend is not over.

However, to position after 5 consecutive falling days, that is a hard job. The best way is to place SELL Limit Order.

Two levels I choose is 0.7020 and 0.7100. Those levels were old resistance levels.



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