MrVolcano
Short

AUDUSD - Bearish sentiment after RBA rate announcement

FX:AUDUSD   Australian Dollar / U.S. Dollar
113 0 7
Technical's for AUDUSD             have been looking bearish over the past week, but there's been a lot of indecision. Overall fundamentally the AUD economy looks better than many other and against the USD with a rate hike expected in Dec, seems that fundamentally AUDUSD             is likely to shoot higher. But for today, I feel and the charts say that price will head lower again first before reaching new highs.

First target at 0.7617, possibly heading lower to wedge support circa 0.7500.

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