AUD/USD The Price is Range Bound but Still Bearish

1 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The AUD/USD has failed to close above the weekly L3 pivot and the retracement trend line has been broken.

Marubozu candle that formed after the break of the trend line suggest a possible bearish continuation. If 0.7355 stays unbroken, targets should be 0.7280, 0.7250 and 0.7220. Selling on rallies continues despite the range bound price action.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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