AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we are still very bearish on AU. We are currently in an active short position and are aiming for 0.68500 support.
To continue with the bearish trend look for lower highs below 0.70000.
Trade scenario 2: For us to consider AU bullish we need to see a break back above 0.7000 with higher lows above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we are still very bearish on AU. We are currently in an active short position and are aiming for 0.68500 support.
To continue with the bearish trend look for lower highs below 0.70000.
Trade scenario 2: For us to consider AU bullish we need to see a break back above 0.7000 with higher lows above.