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nightfoxFX
Jun 17, 2023 11:15 AM

AUD/USD Short setup Short

Australian Dollar/U.S. DollarFXCM

Description

Based on my analysis I see potential for price continuation from current levels to the upside, reaching Sell zone at around 0.69800 where we have major Weekly resistance and 1.1618 Fib Extension of wave (a).

Additionally based on 1h RSI and Stochastic my idea is well supported, although bare in mind, price is preparing for final push higher before down trend continues.

Same applies for NZD/USD!

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