Last week we saw a large pull-back in the audusd, the pair opened the week slightly
above Friday close before trading lower to break the 0.7170.
Now the pair have retested the turning point 0.7223 area.
A short is initiated here and we expect lower lows in the pair.
levels to watch : 0.7186, 07170, 07159 a clear break of the latter will open the door for 0.7067 before 0.7015.
GLT
Follow us on twitter @charts_247 for more info and updates
above Friday close before trading lower to break the 0.7170.
Now the pair have retested the turning point 0.7223 area.
A short is initiated here and we expect lower lows in the pair.
levels to watch : 0.7186, 07170, 07159 a clear break of the latter will open the door for 0.7067 before 0.7015.
GLT
Follow us on twitter @charts_247 for more info and updates