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kinetix360
Nov 26, 2015 4:10 PM

AUDUSD Bearish Reversal Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD is possible at maximum level for bullish correction, before continuing the bear trend. Possible pattern will be a bullish butterfly , but I will not but at D bottom, as the main trend is bearish. I will ride the Bear "CD path.

1 st support will be 0.7070 and the lower support will be 0.7000, then D is expected at 0.6800 area. The longer term chart support is 0.6500 - 0.6000 area, which the low area of Des 2009.

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