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Short

Short AUD/USD for 0.75

FX:AUDUSD   Australian Dollar/U.S. Dollar
451 0 14
Possible "Bullish Shark: pattern seen on AUD/USD             daily charts .

The pair has broken below 100-DMA support at 0.7588.

Downside finds major support at 0.7556 ( trendline ), violation there could see drag till 0.75 levels.

Technical indicators are heavily bearish . We see scope for downside.

Stochs and RSI are biased lower, while MACD line shows a bearish crossover on signal line.

Good to sell on rallies around 0.7580/90, SL: 0.7630, TP: 0.7536/ 0.75
Comment: All targets achieved.
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