AUDUSD short setup

By MarcoLi
Updated
0.76 is the retracement of AB. And it's 1.618 of the partial BC. Based on previous resistance, I would say little red box has some force to stop / reserve the up trend. Also, recently because of the Brexit, DXY is getting stronger. When we compare together with tonight bad CPI data for AUD. I am getting ready to short this pair.
Comment
trade active.

Disclaimer