Kav1ka

AUD/USD Continues To Fall, But How Low?

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Aussie dollar breaking below our trendline could signal more weakness on this Aussie dollar pair, weeks ahead. As we take a look from our Top-down analysis, the month of Feb rejected the 0.7900 level printing a shooting star, although not the type of shooting star candlestick you would see in a textbook but nonetheless, it's a rejection that possibly could be the top for this pair. Happy Trading!

P.S. I hope this is a good enough explanation *hint* (Moderator)

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