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MarcellusLUX

AUD/USD struggling at the resistance, possibility of a drop

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
MarcellusLUX Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis AUDUSD audusdshort audusdforecast audusdsignal audusdanalysis audusddaily audusdsell audusdidea audusdsetup
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trendanalysis chartpattern beyondta audusd audusdshort audusdforecast audusdsignal audusdanalysis audusddaily audusdsell audusdidea audusdsetup
AUD/USD has made a modest recovery after last week's drop.

However, currently, the price is struggling at the channel resistance.
Price is also below the moving average on the 4H chart which is negative
for the bulls.

So, as long as price is below the channel resistance, selling AUDUSD@0.7740- 0.7765
with SL above 0.7780 and TP at 0.7640 is a sell idea.
Comment:
Very much in profit, dropped below 0.7690.
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