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Nov 24, 2019 8:26 PM

AUDUSD 4hour Analysis 11/24/19 Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD Short Idea

If we take a look at the higher time-frames we can see that this pair has been in a strong bearish trend and has recently continued this trend after the daily 38.2% fib level was rejected around 0.68300

Our next level of support around 0.67750 is minor and if broken we will look for entries after a retest and strong bearish setups present themselves.

We’re looking to target toward the daily 0% fib level around 0.66700 and even lower toward the -27% fib level around 0.66000
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