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IlyaSpivak

AUDUSD on course to test below 0.64?

Short
Australian Dollar / U.S. Dollar (FX_IDC:AUDUSD)  
IlyaSpivak  
FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Chart Patterns Triangle AUDUSD aud-usd aud_usd aud trianglebreak trianglepattren
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supportandresistance chartpattern triangle audusd aud-usd aud_usd aud trianglebreak trianglepattren
As with its Kiwi counterpart, AUDUSD now looks to be breaking down from a bearish Descending Triangle chart pattern. The setup's measured-move downside objective is implied just below the 0.64 figure. Reversing back above the near-term swing top at 0.6919 may neutralize immediate selling pressure.

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