Australian Dollar / U.S. Dollar

Short

Updated

AUDUSD short if...

I will look for a short if we break support and retest it. AUD is still on a downtrend but the question is if USD will break 95.50 resistance. We rejected the top of the channel+ 50 EMA + 61.8 fib.

Only thing that bothers me a bit is the inverted H&S on the 4hr. It is right at the neck line. See the charts

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BTW the weekly support became resistance

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snapshot

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break of that TL

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weekly view

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We had the retest on the 4hr and down it went

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break retest and down we go

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