rauan
Short

AUDUSD declines further

FX:AUDUSD   Australian Dollar / U.S. Dollar
I. AUDUSD             on 4-hour chart is developing descending move targeting mid-term zones 0.7080/60 and 0.6970/50.
snapshot

II. In short-term perspective we've come close but haven't yet reached first support area . Likely scenario is AUDUSD             slide from 0.7140 resistance down to 0.7080 support.
Once we see bounce back from the mentioned barrier I expect correction up to levels 0.7160, 0.7190. Descending scenario remains as primary until AUDUSD             trades below 0.7210.
Trade active: Sell order opened at 0.7140
SL 0.7153 TP 0.7085
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