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MI5
May 17, 2020 3:31 PM

AUDUSD - Daily chart analysis Short

Australian Dollar/U.S. DollarFXCM

Description

Starting off with AUDUSD, a lot of AUD pairs seem to turn bearish.

Here's why I don't see a breakout to the upside on the daily chart: 1) a lower high and a rejection from the resistance 2) looking weak around the 100 EMA 3) Friday's candle close below the 20 EMA and the support line.
Comments
Aqua_Trader
looking at more or less the same thing :) - good luck!

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