AUDUSD to 71 and below

By romanreyhani
Updated
AUDUSD looks set to retest 71c (upward sloping trend line since September 2015). If that clears, retest lows of September 2015 at 69.
Comment
Rebound over the last two days was rejected and it has failed to close over the 20dma. FOMC risk tomorrow could invalidate this trade if dollar weakens, but current patterns are quite bearish.
Trade closed: target reached
audAUDUSDbreakoutMoving Average Convergence / Divergence (MACD)Relative Strength Index (RSI)shortsupportTrend LinesUSD
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