AUD/USD:SELL From 61.8% FIBO Resistance Flag Pattern SHORT

25 oct. 2022

AUD/USD Yesterday at the end of the day had a small rebound on the Bearish Flag support trendline and today the price, always inside the bearish Flag, a continuation pattern, seems ready to have a Bearish impulse after a rejection by the price to grow on the 61.8% FIBO, in confluence with the Resistance area and the dynamic trendline. The stochastic is still in the overbought area and all the clues are about a new push-down in the direction of the main trend.

25 oct. 2022

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