theforexarmy

AUDUSD on descending resistance, time to sell.

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Price has made a bearish channel exit triggering so we look to sell below major resistance at 0.7107 (Fibonacci retracement, pullback resistance) for a push down to 0.6956.
RSI (34) is below long term descending resistance line.
Stochastics (21,5,3) is below major resistance at 90% too.
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