AUDUSD Bearish View
AUDUSD is analysed as bearish on the following grounds:_
1. The market has broken the horizontal support level 0.77326 and now retesting it as new resistance.
2. Price is already following bearish trendline 08 September 2017 (markes as high swing).
3. On daily price chart market has printed bearish engulfing as Price action signal on 03 November, 2017
4. Bearish engulfing again on 07 November, 2017 followed by insidebars
Keeping in view all above on breakout of motherbar lowest level 0.76267 will provide a good short entry to the nearest exposed support 0.75174
1. The market has broken the horizontal support level 0.77326 and now retesting it as new resistance.
2. Price is already following bearish trendline 08 September 2017 (markes as high swing).
3. On daily price chart market has printed bearish engulfing as Price action signal on 03 November, 2017
4. Bearish engulfing again on 07 November, 2017 followed by insidebars
Keeping in view all above on breakout of motherbar lowest level 0.76267 will provide a good short entry to the nearest exposed support 0.75174
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