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AUDUSD: Preparing for Breakout

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
VasilyTrader  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Forex trading fx Technical Analysis AUDUSD australiandollar swing
30
10
trendanalysis chartpattern waveanalysis forex trading fx technicalanalysis audusd australiandollar swing
snapshot

AUDUSD is forming a descending triangle formation:
the price sets a sequence of lower highs respecting the same low.

bullish reaction from current support becomes weaker and weaker.

I am waiting for a breakout of its support.
it will be a strong bearish signal and the price will most likely drop lower.

next support - 0.6633
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