FXHighway
Short

Aussie turns back to resume the bearish trip

FX:AUDUSD   Australian Dollar/U.S. Dollar
154 0 3
Target: 0.7800
Risk: 0.8215

Technical Reasons:

The recently dominant sideways range’s support line was broken, and attempts now to turn back to the major descending channel .

Negative pressure coming from the exponential moving average 50, with rise at the bears’ power indicator.

Breaking 0.8030 will confirm resuming the main bearish trend .


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