AUD/USD returned down

AUD/USD returned down

Trade idea

SELL 0.6860; TP1 0.6830; T2 0.6770; SL 0.6885

AUD/USD has been falling since the start of 2018. On W1, the pair formed a “Falling three method” candlestick pattern. Usually, it points at the continuation of the downtrend. The Awesome Oscillator both on W1 and D1 is bearish. The weekly pivot point is located at 0.6911: as long as the pair is trading below this level, the odds are that it will test lower levels.

AUDUSD w 17.png

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