Aussie turns back to resume the bearish trip Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jan 5, 2015 7:39 AM

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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