FX:AUDUSD   Australian Dollar / U.S. Dollar
Pattern: Bear flag

Confirmation: Overall trend down / Yes. Small upwards consolidation channel / Yes.

Entry: Waiting on the break and re-test of the structure.

Fundamentals: Inflation for the DXY is of course very high but is seen in a good position given the current world circumstances etc. A lot of DXY price will be driven from employment reports which should see this pair continue downwards given the USD strengthens.

Comments

Clean Breakout now!
+1 Reply
@AlkalineFX now re test
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