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enkuye91
Jan 12, 2017 7:06 PM

AUDUSD SHORT Short

Australian Dollar/U.S. DollarFXCM

Description

Should have mentioned in my last Aussie post that we could also reach the major resistance at 0.7500 (which is also a psychological price point).

Price is currently consolidating around this area. If we see a reversal here, we could potentially see a drop to around 0.7360 if price drops below the support at 0.7450. If not, we could see a further move up towards 0.7750.

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