Sforex

Aussie: A rocket falling from the sky

FX:AUDUSD   Australian Dollar / U.S. Dollar
423 1 6
Aussie rallied strongly from the year low 0.6885 to the strong resistance at 0.7250

Look at on the chart, I see AUDUSD             bounced from SMA50 and Resistance at 0.7250

While I see a shooting star like a rocket falling from the sky in the chart.

It means there is a strong pressure on Aussie : Aussie needs more motivation to keep its rally.

I keep neutral bias for AUDUSD             currently, but watch the reaction around Kijun Sen.

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