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JoeChampion

AUDUSD Breakout and Potential Retrace

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
JoeChampion  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis AUDUSD aud USD SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis indicator beyondta audusd aud usd sell short bearish technicalanalysis containsimage
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.66200 zone, AUDUSD was trading in a uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66200 support and resistance zone.
We would also consider the current bearish bias on stocks as AUDUSD is having a positive correlation with Indices
Trade safe, Joe
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