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Siyabonga_Ngcobo
Feb 20, 2015 7:51 PM

AUDUSD SHOWING BEARISH SIGNS AT MAJOR STRUCTURE  Short

Australian Dollar/U.S. DollarFXCM

Description

As we come close to the end of the week opportunities still present themselves in the market. The aussie continues to show bearish momentum as we can see prior signs of a bearish pennant which continued to the downside marked with red lines. We can see the same signs marked with green lines, of another bearish pennant. Be on the lookout for bearish signs such as double tops at the key major resistance level.

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