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
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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.