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CraddocksFX

AUD/USD - Short Opportunity Next Week

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
CraddocksFX  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Technical Indicators AUDUSD
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trendanalysis indicator audusd
Zoom out to the weekly time frame and you see a clear long term downtrend in this pair. Move down to the daily and we have had a new push lower and we have now seen a successful retracement. Plot a fib and the price has tested the 0.618 level and looks ready to drop. Excellent risk to reward opportunity...

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