BlackTygaTrades

AUDUSD to complete bearish orderflow?

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
After consecutive breaks of weak lower lows with lower highs holding strong, a bearish 4h orderflow was evident. Price has been retracing and retesting supply zones up until the latest break of structure(which was too weak). Price has invalidated our latest supply zone and could be striving to reach for a previously unmitigated extreme supply with a huge imbalance below it. This then signals a potential complex pullback where price could use the extreme supply together with internal liquidity to fuel it's bearish expansion to take out the recent weak swing low. Fundamentals also forecast potential dollar strength gain on Friday afternoon, which is a confirmation of the analysis as it'd lead to a drop in most if not all dollar pairs.
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