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Aussie Break & Retest Setup.

Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
bostickfx  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis aussie breakandretest
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trendanalysis supportandresistance mtfa aussie breakandretest
• Price is in D1 downtrend with a pullback & bearish engulfing rejection of .7200 level.
• Price broke .7175 H4/H1 support area and is coming back for a retest.
• Expecting a retest of the .7175 area before continuing the bearish run.
• 1st target will be .7130, then .7100 and potentially even lower.
• Several confluences are present, such as H4/H1 50ema and pivot.
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