AUD/USD - Further Downside Expected

FX:AUDUSD   Australian Dollar / U.S. Dollar
153 2 2
Chart: 1 Hour Time Frame
Market: Bearish

1. Price rejecting 50 ema on the 1 hour chart
2. Bearish Engulfing candlestick pattern
3. Overall trend is bearish on 1 hour, 4 hour and daily chart
4. Price decelerates @ 50 EMA - adding weight to a short bias

Nice work
Thanks Steve!
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