AUDUSD Short Idea
Overall, Audusd is visibly bearish on multiple timeframes
Currently price action is at a major support around 0.66800. From here we’re looking for two potential outcomes. A bounce or a break
If we see a bounce, price action is likely to retest the broken 0.68000 area
If we see a break we’re looking to target down toward our next weekly support near 0.64000
Overall, Audusd is visibly bearish on multiple timeframes
Currently price action is at a major support around 0.66800. From here we’re looking for two potential outcomes. A bounce or a break
If we see a bounce, price action is likely to retest the broken 0.68000 area
If we see a break we’re looking to target down toward our next weekly support near 0.64000