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Monday, August 02, 2021

AUDUSD SHORT AFTER CONSOLIDATION

AUDUSD SHORT AFTER CONSOLIDATION

AUDUSD is in a clear downtrend for more than 6 months.
The last corrective rally showed that 0.74 is very strong resistance and I expect a new local low from this pair.
A break under short term trend line support could be a sign that a new leg down has started,the support level is broken and the price continues to consolidate below. On the way below there is a target - the support level , lookING forward to a fall after the end of consolidation.


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