Michael_Harding

AUDUSD - Still in Daily Bearish Channel

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
If you take a look at the weekly timeframe, we had a bearish breakout near 3rd in September. Since then on the daily timeframe as illustrated on the chart, this pair has remained in a bearish channel.

Perhaps there are several indications of bottoming action on the daily but this week looks vulnerable to the downside.

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