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Short

AUD/USD A SHORT RANGE ENTRY WITHIN THE DOWNTREND [1HR]

FX:AUDUSD   Australian Dollar/U.S. Dollar
A short range setup at the .73500-.73650 zone congruent with the previous resistance zone back at 5/17. 50 EMA crossed 200 EMA and now the 100 EMA is about to do the same; indicating in a slight bullish bias towards the upper resistance zone . The EMAs should act as dynamic support to complete the range. Stop loss is set at .74000 and take profit is shown at the zone below at .71650-.71500 area.
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