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Corrective Movement for AUDUSD

Short
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
Candlestick_OB Updated   
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators AUDUSD aud USD australiandollar dollar channelbreak pattern FLAG signal
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trendanalysis chartpattern indicator audusd aud usd australiandollar dollar channelbreak pattern flag signal
The AUDUSD pair has reached a support level, with a divergence appearing on momentum indicators. This could lead to a corrective movement, with a retest of the channel it escaped from, the 100 and 200 moving averages for the 4-hour timeframe, and the Fibonacci level of 38.20% around 0.66630. The price is then expected to drop towards 0.6550.

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