FX:AUDUSD Australian Dollar/U.S. Dollar
AUD/USD formed a false break of the pattern and the false break candle itself is pattern which adds odds to the short sellers in this market. This pattern was formed at the tenken-sen and the 10 period moving average as well as near the middle band of the . The trend is still as the short term moving averages (10 and 20 period) remain firmly below the long term moving averages (50,100 and 200 period) and the Tenken-sen is well below the Kijun-sen as well. With all the odds in favor of the bears, we could potentially have shorting opportunities in today's London session.