jamison_fx

AUDUSD FOR MORE DOWNSIDE

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Very similar to eurusd , I expect some more strength from the usd dollar to push these pairs further to the downside. As always the market moves in waves so expect to see price make a pullback and then another leg down to at lest the support at 0.70500 then possibly further. Price looking very weak though on the daily so these pairs could potential break the supports making that move down further early in the week, but if so I will not be entering, the risk reward would not be there and is not apart of the structure I trade from. Next coming weeks I expect price to get choppy so be very cautious trading around these day by day fundamentals..

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