AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish on AU. Going into this week we’re looking for a break or bounce of our 0.65500 zone.
If we are to continue bearish we’ll look for a break below 0.65500 with a convincing lower high below.
Trade scenario 2: If price action bounces look for higher lows to confirm a short-term rally up to 0.67000
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish on AU. Going into this week we’re looking for a break or bounce of our 0.65500 zone.
If we are to continue bearish we’ll look for a break below 0.65500 with a convincing lower high below.
Trade scenario 2: If price action bounces look for higher lows to confirm a short-term rally up to 0.67000
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