MattWalz

AUDUSD Short potential

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
6
With gold resuming its bearish cycle, AUDUSD correlation is expected to continue downside momentum as well. Price has consolidated around 0.758 with bearish RSI divergence. Upon a break of the ascending phase line, I will be looking for a short entry with bearish H4 price action. Downside targets are 0.750 and 0.745 before reaching weekly levels of 0.733
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