Sforex
Short

Aussie: Employment report saved Aussie, but SHORT is favourite.

FX:AUDUSD   Australian Dollar / U.S. Dollar
245 1 6
Last week, Australia employment report saved the Aussie from the decline and drived it to 0.7150

I talked about a Head and Shoulder pattern but it should ignore to consider some new signals from Technical Analysis .

Look at on the chart, I see three things:

- A descending channel .

- AUDUSD             contacted Kumo cloud.

- A Doji star.

- SMA50 test

Those resistance levels converge around 0.7140-0.7150

I maintain bearish bias for Aussie and consider recent squeeze is just short term, the long term bias is still bearish .
thank so much
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