AUDUSD: Bearish Flag Breakout

NDOBObanks Updated   
PEPPERSTONE:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is in a strong bearish trend. After looking at the weekly and monthly charts we are only looking at selling

We have seen the following reasons for looking to sell:

1: Bearish flag breakout.
2: Trendline breakout.

We are looking to take an entry at the retest of the trendline.

Trade active
A lot of consolidation. We might end up close this trade as it seems both currencies are of similar strength at the moment which is causing this range.
Trade closed: target reached:
Price shot down several weeks later.

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