AlexxChan
Short

AUDUSD heading back down?

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD             saw a bullish run last week. We were able to capitalize on some profits from shorting it, however bulls later took over to go higher. Seeing that AUDUSD             did not make a higher high, its safe to say that the pair is overall still bearish . With a break of a trendline on the 4hr chart, theres a good possibility that the pair would head lower to at least 0.70104 before having some sort of resistance.
nice analysis, good job.
+1 Reply
AlexxChan JonnyLA
Thank you!
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