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NoahXBorg

AUDUSD Sell Idea

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
NoahXBorg  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis AUDUSD audusdshort audusdsignal audusdidea audusdforecast audusdanalysis audusdsell audusdtrade audusdlongsetup
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trendanalysis chartpattern fundamental audusd audusdshort audusdsignal audusdidea audusdforecast audusdanalysis audusdsell audusdtrade audusdlongsetup
In a nutshell, the overall Trend is still bearish and with the upcoming RBA statement in the coming few days.

Fundamentally, I believe the USD will remain stronger than the AUD and it would take a big change on both economies to completely reverse the bearish trend. However, beware of the volatility that may come with NFP and the RBA rate announcements.

Sell idea on :

  • Retest of Level 0.73000
  • Bearish Structure & Candlestick Pattern
  • Retest of short-term bearish trend line
  • Break and retest of counter-trendline
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