AUD/USD Retests Resistance Level, Downside expected.
Time frame: Daily Chart
Mode: Daily (Ranging market), Weekly (Bear Market)
AUD/USD since the new year has provided multiple opportunities to short, however if you did miss the previous run
there's a high probability the pair will retest its previous structure low of 0.68366 support level (green rectangle).
Bearish patterns:
1. Doji like candlestick
2. Price closes below 20 EMA & Daily resistance level
Mode: Daily (Ranging market), Weekly (Bear Market)
AUD/USD since the new year has provided multiple opportunities to short, however if you did miss the previous run
there's a high probability the pair will retest its previous structure low of 0.68366 support level (green rectangle).
Bearish patterns:
1. Doji like candlestick
2. Price closes below 20 EMA & Daily resistance level