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romanreyhani

AUDUSD to 71 and below

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
romanreyhani Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
aud USD AUDUSD Trend Lines support short breakout Moving Average Convergence / Divergence (MACD) Relative Strength Index (RSI)
2
0
aud usd audusd trendline support short breakout macd relativestrengthindex
AUDUSD looks set to retest 71c (upward sloping trend line since September 2015). If that clears, retest lows of September 2015 at 69.
Comment:
Rebound over the last two days was rejected and it has failed to close over the 20dma. FOMC risk tomorrow could invalidate this trade if dollar weakens, but current patterns are quite bearish.
Trade closed: target reached
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