FX:AUDUSD   Australian Dollar / U.S. Dollar

Momentum is slowing down on AUDUSD as well.
After a strong bullish impulse, we see that the market is trading within a narrow rising channel .

In case of bearish breakout we can short the pair.

Target levels will be

Stop will be above the highest point of the channel.
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Vasily you are amazing. Thanks.
I always appreciate your analyses. Thank you Vasily.
AUDUSD: I think the price will reach 69 level in the next couple of days.
I like it, we should go lower before major long trades get triggered. Long term I see this pair going up as USD devalues. Touch on the down trend line later and 200SMA is right on the trend line as well. Then we break.
VasilyPonomarev AntonioFX777
@AntonioFX777, good thoughts Antonio
And by the way, very well presented idea!
+1 Reply
AntonioFX777 VasilyPonomarev
@VasilyPonomarev, thanks Vasily! You do great analysis!
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