The aussie dollar spent some time at the bottom of the channel this week and finally broke out near the close of the week. Over the next few weeks, we should see more downside for this pair. We've marked out three levels where resistance could be met. If you're not already in a short, wait for a pull back at those resistance lines. Otherwise, take some profits a long the way down.
1) 0.71680
2) 0.71052
3) 0.70381
1) 0.71680
2) 0.71052
3) 0.70381
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.