iJavidTrader

AUDUSD approaching support zone

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Just below the figure 9, AUDUSD weekly price action formed a bearish flag top with a Doji . Since then price has continued the downward path and now approaching the support zone based on 2010.

A breakdown from here could lead to further weakness but if price reacts at this zone and moves above the upper RTC then it may bounce and find near term strength.

Regardless of what may or may not happen, Dynamic Traders let price dictate our actions so we will wait to see what price does then react accordingly.

Good trading everyone.