capitalpropertiesfx

AUDUSD getting ready to break lower?

FX:AUDUSD   Australian Dollar/U.S. Dollar
28 0 0
AUDUSD             has made its way back to the previous consolidation area and now is testing the resistance line of that zone. It might correct a bit higher from here but not considerably (meaning no new highs). I want to see a break out from that consolidation area to the first yellow box that I have plotted on the chart. From there on I would be more confident about the bearish outlook.