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AUD/USD looks weak

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AUD/USD is rushing to the downside. The pair broke through the most important daily moving averages, slipped below the support at 0.6830 (October-November support line). This week opened with a gap down at 0.6808 (61.8% Fibo of the October-December advance). The technical picture looks bearish, so market players will likely use the price's attempts to recover to the 0.6810/30 area for selling. The downside targets lie in the 0.6755/50 area ahead of 0.6670.

Trade idea for AUD/USD

SELL 0.6810; TP 0.6755; SL 0.6835

AUDUSDDaily.png

TRADE NOW

FBS Analyst Team

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