AUDUSD Short idea
The monthly, weekly, daily & 4hour timeframes are all bearish
We have been seeing AU dropping off with strong momentum for the last few weeks. We have seen a few slight pullbacks but nothing significant.
At the current major support level we are looking for this to play out 1 of 2 ways.
1. A bounce followed by a pullback and some consolidation before a continuation
2. A break of the current support level followed by a retest before falling lower
Watch this pair closely early in the week for confirmations
The monthly, weekly, daily & 4hour timeframes are all bearish
We have been seeing AU dropping off with strong momentum for the last few weeks. We have seen a few slight pullbacks but nothing significant.
At the current major support level we are looking for this to play out 1 of 2 ways.
1. A bounce followed by a pullback and some consolidation before a continuation
2. A break of the current support level followed by a retest before falling lower
Watch this pair closely early in the week for confirmations