FXHighway

Aussie within bearish track

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
3
Targets: 0.8000
Risk: 0.8425

Technical Reasons:

The organized trading inside the descending channel is supported by the exponential moving average 50, which puts negative pressure on the intraday and short term basis.

Stochastic is negative now, and the trading rules inside the price channels hint a waited bearish rebound from the descending channel’s resistance.


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