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TrueNorthTradingFX
Apr 7, 2020 8:44 PM

AUDUSD SHORT Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD looks to now be rejecting strong resistance and psychological level of 0.62000. After last weeks bear run on USD strength we have seen a correction back to the 61.8 fibonacci retracement which has lined up with resistance. We are now currently getting bearish signals that this pair is ready for its next impulsive wave down. 4 hour bearish candle looks like the sellers are well in control. Also to boost this trade is the DXY now looking to bounce after 2 days of correction. Lets see how this one plays out
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