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AlfonsoMoreno

AUDUSD Forex cross pair forecast for shorts

Short
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
AlfonsoMoreno  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Support and Resistance Supply and Demand AUDUSD audusdforecast audusdshort audusdsignal audusdsell imbalance Supply Zone
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trendanalysis supportandresistance supplyanddemand audusd audusdforecast audusdshort audusdsignal audusdsell imbalance supplyzone
AUDUSD Forex cross pair is reacting to a weekly supply level located around 0.7232 price area. Price has reacted strongly to that weekly supply zone creating brand new imbalances on lower timeframes like the daily chart. There is a new daily supply zone created around 0.7226 as a reaction to weekly supply zone.

Weekly timeframe is still in a downtrend. Dollar Index is getting stronger as well creating new daily demand imbalances in a big picture uptrend. 

We don’t need fundamental analysis in order to make a trading decision when we analyse the markets using supply and demand imbalances. 
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