AUDUSD is in a descending triangle, and there is a possibility of a break below the trendline support.
Here are the details:
The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline and exit at 0.64924.
Preferred Direction: Sell
Entry Level: 0.65614
Stop Level: 0.65959
Target Level: 0.64924
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.