ForeCastle

Talking Points:

• AUD/USD short trade from last week triggered
• Sentiment still giving bearish signals
• Downtrend could continue towards 0.8700

AUD/USD Support Broken - Bearish

The trend line support cited in last week's article has been broken. The chart below shows that over the weekend, the AUD/USD gapped below the trend line and closed for the day. We had said we would act on a trade if the closing price was below support. That was our trigger. After a ...

Tags: audusd, aussi, aussie, bearish

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