IkanBilisCapital

Clear downside for AUDUSD.

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
The aussie dollar broke down this week after a fake out to the upside. We can expect to see more downside to come this week. You can either enter a short at these levels at market open next week or wait for a pullback to short it. The pullback should retest 0.715 and breakdown from there. Our full target will be 0.675 and the timeframe for this to happen within is March 15 to 16. Once the rates kick in, I expect to see a full on recovery of risk on.

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