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forexwithfred

AUD/USD - 0.6443 Resistance To Hold Price Below!

Short
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
forexwithfred  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD audusdidea audusdshort USD downtrend Bearish Patterns Technical Analysis
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trendanalysis harmonicpatterns chartpattern audusd audusdidea audusdshort usd downtrend bearish technicalanalysis
  • Market structure continues to make Lower Highs, validating a continuation of the downtrend

  • I'm anticipating a bullish correction which will retest resistance before an impulse move to the downside occurs

  • EMAs add confluence to my bias as they are both above price and aligns with the key level of 0.6443
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