theselfishtrader

AUDUSD - Potential pullback?

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
This pair has been very strongly bullish of late, and it is heavily overbought
Price is now in a well respected area of resistance and so a short is worth considering
An inside bar has formed on the daily
Target would be former resistance which should act as support at 0.7306 area
Trade active: Entered short at 0.7465