romanreyhani

AUDUSD to 71 and below

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
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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