AUDUSD could swing in both ways as the price is trading below the trendline and now retesting it. If bulls still have potential they will respect this support area and bring the price towards 0.73000. But if bears are still showing dominance then they will drag the price towards 0.71000. Good Luck!
Trade active
Note
As we analyzed that prices could fall as bears also look dominant. we are almost reaching our targets.Trade closed: target reached
Short Setup worked well and we reached all TPs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.