FX:AUDUSD Australian Dollar/U.S. Dollar
The AUD/USD is in the course of an impulsive move downwards; the pair is looking to break the kumo to the downside, it is also trading at RSI<50 and is pointing down in terms of momentum. We're on the pair, however, we don't want to sell so close to the highlighted supportive zone and in oversold conditions. Therefore, we'd like to see the pair break down and then bounce back to the breakout area with some correction, at which point we'd be willing sellers.