Forexforbeginners

AUDUSD - coming up for interesting sells

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
If you look back at AUDUSD over the past few weeks you can see on the 4hr there has been a MASSIVE downside channel. Then looking into the Hourly we can see another downside channel playing out.

Now we are reaching an interesting point on this pair as price still looks to be favouring the dollar and with the downside momentum this pair is already shown this could make an interesting sell point with prior structure shown to our left.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.