AUDUSD ANALYSIS Short

AUD/USDOANDA

Description

⋅ Aug 3, 2020 7:38 AM

AUDUSD rebounded from resistance level around 0.72200 then broke uptrend line
price below SMA 100
MACD shows bearish momentum
RSI below 50
so its expect bearish movement to demand zone around 0.69200

Comments

FXCM

⋅ Aug 4, 2020 8:49 AM

Price came back up! and currently looks like it is forming an inverse head and shoulders pattern

Would you still go short?
This is our idea on the intraday!

Phi-Deltalytics

⋅ Aug 3, 2020 3:10 PM

Nice heads-up!

ProjectSyndicate

⋅ Aug 3, 2020 7:45 AM

looks good. thank you for sharing!