Bearish Consolidation Short trade Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Aug 7, 2018 9:04 PM

AUD/USD is currently stuck in sideways channel movement, having today had a surging bullish push to retest the previous resistance zone of 74400. We now see a candlestick formation, giving a grate short trading opportunity on this pair.

Lets see how this pans out!