remelthomas
Short

AUDUSD 4HOUR CHART SHORT

FX:AUDUSD   Australian Dollar / U.S. Dollar
WE REMAIN BEARISH ON AUDUSD AS I BELIEVE DOLLAR WILL GAIN MORE STRENGTH AS INVESTORS/TRADERS ANTICIPATE YELLEN DROPPOING THE PHRASE 'PATIENCE' IN NEXT WEEKS FOMC MEETING WHICH WILL SEND THE DOLLAR SOARING BECAUSE THAT IS A INDICATION THE FED ARE GETTING CLOSER TO RAISING RATES. AUDUSD IS RALLYING BACK UP TO SOME PREVIOUS STRUCTURE LEVEL WHICH IS ALSO IN CONFLUENCE WITH THE 61.8 FIB LEVEL ANDTRENDLINE SO THIS COULD BE A GOOD OPPORTUNITY FOR FRESH SHORTS. MAIN TARGET STILL AT 0.75000
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