AUDUSD (Symbol AUDUSD ON FXTRADING.com Platform)

104
Trend: Very Bearish

Relevant Key Levels: Resistance 0.6745 and 0.6445. Support 0.6200’s and 0.6000’s area.

Price Action: Price collapsed after a False break of an Inside bar setup (bearish fakey pattern), and a subsequent break down from an Inside Bar pattern, last week.

Current Notes: The bias bearish whilst prices remain below the 0.6745 resistance level.

Trade Idea: Whilst prices remain under 0.6745 resistance, we will consider selling short after a bounce in prices, and after a bearish price action sell to confirm an entry. Downside targets towards 0.6200′ and 0.6000.

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