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Mihai_Iacob

AudUsd- New local low in sight?

Short
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
Mihai_Iacob  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators AUDUSD audusdshort audusdforecast audusdsignal audusdanalysis audusdsell audusdidea
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trendanalysis chartpattern indicator audusd audusdshort audusdforecast audusdsignal audusdanalysis audusdsell audusdidea
AudUsd is in a clear downtrend for more than 6 months now.
The last corrective rally showed that 0.74 is very strong resistance and I expect a new local low from this pair.
A break under short term trend line support could be a sign that a new leg down has started
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