FX:AUDUSD   Australian Dollar / U.S. Dollar
Yearly Outlook

  • We witnessed 2018's candle engulf 2017's to continue the decade's bearish momentum.
  • Rejecting key yearly levels of resistance (0.8000)
  • Broke and retested the macro trend line , which acted as resistance.
  • 2018's bearish engulfing candle closed at yearly support levels showing strong signs for sellers. A break of this very strong support (liquidity) zone is likely.

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