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andrey_kurniawan
May 2, 2023 3:03 PM

AUDUSD Potential Short position Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD is in bearish trend if we are looking at 1H timeframe.
Zoom in to 15-minute timeframe, we are seeing short position opportunity if the price breaks its trendline support.

Despite unexpected news this morning related to Australian dollar which brings strong good momentum for all AUD pairs, the momentum seem weakens in USA trading hours.
I am expecting AUDUSD to continue its major trend (bearish) and forming descending broadening wedge pattern.

Happy profit!

Good luck!
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