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T3-Consultancy
May 16, 2023 4:31 AM

AUDUSD 15M: Bearish outlook seen, further downside below 0.6665 Short

Australian Dollar/U.S. DollarFXCM

Description

On the 15M timeframe, price is showing strong bearish correction. A pullback to the resistance zone at 0.6700, which coincides with the 61.8% Fibonacci retracement, and a break below downside confirmation at 0.6680 could present an opportunity to play the drop to the resistance-turned-support zone at 0.6665. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.
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