FX123333
Short

AUD/USD: ANALYSIS, THEORY

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
86 0 3
Support level has been tested many times and has maintained the level of difficulty to break through, as you can see the market is creating more lower lows influencing the fact that a down trend could occur. I believe that the AUD/USD             pair will retest up towards structure levels and drop down to make a new low. The starting point has a confluence of 0.618 where I think will be tested. The descending trend line shows another type of support to an upcoming retest.
Trade active
Trade closed: stop reached
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