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JoeChampion

AUDUSD Potential Downsides

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
JoeChampion  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Beyond Technical Analysis Fundamental Analysis AUDUSD aud USD SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis beyondta fundamental audusd aud usd sell short bearish technicalanalysis containsimage
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.666 zone, AUDUSD was trading in an uptrend and successfully managed to break it out, currently AUDUSD seems to be in a correction phase in which it is approaching the major trend at 0.666 support and resistance zone. Fundamentally the market is pricing another rate hike early May as fed still see inflation as a concern which should trigger more USD bulls.
Trade safe, Joe.
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