Get started
Joe_Keegan

POSSIBLE BEARISH CONTINUATION AUD/USD

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Joe_Keegan  
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD short Bearish Patterns continuation continue continuing pips Fibonacci fomcpositioning FOMC
2
0
audusd short bearish continuation continue continuing pips fibonacci fomcpositioning fomc
A break of the counter trend line that has formed on AUD/USD could lead to a downside continuation to make new lows. The move also has the possibility to offer a decent risk reward as well. Targets would be 0.71571 and then on to 0.69609 . Could this be a look into the future for this market ahead of the FOMC tomorrow? Only time will tell.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.