Hi guys, we are looking at an Outside Bar Pattern on the daily chart
whereby the daily closes of the previous candle is smaller than the current candle which is bigger in volume
and is going in the opposite direction. Moreover, it aligns in the current down trend, bouncing off the channel trend line
. This suggests a downward movement to the the first target at 0.72 and the second target at 0.70. I would short the Aussie now in accordance to a candle stick pattern. Would place stops above today's close.
Comments and advice are greatly appreciated. This is purely my opinion on AUDUSD