rauan
Short

AUDUSD declines further

FX:AUDUSD   Australian Dollar/U.S. Dollar
a year ago
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.
a year ago
Trade active: Sell order opened at 0.7140
SL 0.7153 TP 0.7085

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