AUDUSD: Strong Resistance Ahead!!!

Short

Australian Dollar / U.S. Dollar (FX:AUDUSD)

FX:AUDUSD Australian Dollar / U.S. Dollar

Trend Analysis Chart Patterns Wave Analysis australiandollar aud AUDUSD DJ FXCM Index USD USD (US Dollar) trading Technical Analysis Forex

trendanalysis chartpattern waveanalysis australiandollar aud audusd usdollar usd usd-us-dollar trading technicalanalysis forex

snapshot

AUDUSD is very close to a strong daily supply area.
this area is based on a broken support line of a major rising channel and the last horizontal higher low level.

bearish reaction from that zone will be expected.
I am planning my entry on 1h/4h charts and will wait for a confirmation before entering the trade.

goal for sellers 0.705

good luck!

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