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Australian Dollar / U.S. Dollar
Short

AUDUSD: Expecting Pullback

By VasilyTrader
Updated
snapshot

after a very strong bullish impulse from 0.67 level,
buyers finally started closing their position and we see that the momentum is slowing down.
price is currently coiling within a rising parallel channel with clear RSI divergence.

I will be waiting for a bearish breakout of a channel to short the pair.
Stop will be above the highest point of the channel.

T1 - 0.6825
T2 - 0.6785
Note
Market is still within the channel
Note
Almost hit the target!
audAUDUSDaustraliandollarChart PatternsCurrenciesdollarForexTechnical IndicatorsTechnical AnalysistradingTrend AnalysisUSD
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