Short

AUD/USD: Short from Dynamic Trendline and FIBO Levels - SELL

Updated

AUD/USD It's inside a Bearish Channel, on 11 August the price after a Rejection on the Dynamic trendline, around 61.8% and 78.6% Fibonacci, had a Strong push-down with also by the presence of a Divergence and Overbought on the Stochastic indicator. Now the price seems ready to continue in the direction of the main trend, today the RSI turned bearish and the price turned under the 20 Moving average. We are Looking for a Short continuation.

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