AUDUSD @ confluence of big levels of support
The pair has reached a zone where I expect a pause in downward momentum or at least a short term bounce. The zone is marked buy the 200 day MVA and former resistance from the triangle breakout on 13/7/2017. The MVA is at 0.7691 whilst the descending support is approximately at 0.7690. Stop loss below July swing low of 0.7571. Target 1 @ 0.7895. Target 2 @0.8125.
Note
Last support has been breached @0.7571 and trade setup has failed.
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