AUDUSD has trading in down ward direction since April 2013 and broken weekly strong trend line on June 2015.Currently It is on the pullback mood . I like to short this pair at the conjunction of two trend line around red zone between 0.7900 to 0.8000 .......Happy Trading; Rina
It's looks like reverse Head and Shoulder pattern. Price has already broken the neck line , now I am waiting for the pullback till 1.4300 area.
Entry : long between 1.4300 ~ 1.4330
Target : T1 @ 1.4450 , T2 @ 1.4500 and T3 @ 1.4600
Stoploss : below 1.4280