Going short
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AUDUSD is trading on a descending channel, bulls have become weaker and it is going the break the 4 months support as bears has taken over.
trading will continue on this support for a while but the overall trend is bearish -
wait for a break out or sell from top - the price may jump up from this support and will fail to make a higher high.
Short Target 1 - 0.7009
Short Target 2 - 0.6955
Short Target 3 - 0.6613
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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.
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.