Sforex
Short

Aussie: A beautiful symmetric pattern, SELL at the top.

FX:AUDUSD   Australian Dollar / U.S. Dollar
297 1 2
This week, lack of US and Australia data so I concentrate in Technical Analysis .

Strong resistance: 0.7430, A/U is not momentum to break through this level.

Minor resistance : 0.7375 : 4 month high.

AUDUSD             broke SMA100 ,it've hold above this level since May, so SMA100 is a level we must watch if we want to SELL.

The biggest story I want to share is the symmetric pattern I draw on the chart. This is rare pattern we rarely see when you analyze chart. It contain two channels: A descending channel and ascending channel . There are a lot of types of this kind of pattern, but channel symmetric pattern is a typical pattern.

We come to the end of symmetric pattern : A bounce to finish pattern is what I wait.

0.7375 is the end of AUDUSD             rally.

I will SELL AUDUSD             to finish symmetric pattern.
that my view
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