AUDUSD Freefall back to support

2018年1月4日

AUDUSD has had a nice leg up the past weeks, but large price action shows that AU is still sideways. The arrow on top is pointing to a hard price rejection tail, a clear indicator that we're moving for a retest in the opposite direction. I expect a promising short down to the support line at .765. as always there will be consolidation and resistance, so keep an eye out for covers and reentry!