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Mihai_Iacob

AudUsd has more to drop

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Mihai_Iacob  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators AUDUSD audusdshort audusdforecast audusdsignal audusdanalysis audusdsell audusdidea audusdsetup audusd_short
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trendanalysis chartpattern indicator audusd audusdshort audusdforecast audusdsignal audusdanalysis audusdsell audusdidea audusdsetup audusd_short
After the 0.8 high at the end of February, AudUsd has entered a medium-term downtrend putting LH and LL on our chart.
At this point the pair is in a small correction and I expect gains to be very well capped towards 0.77 strong confluence resistance
My strategy for this pair is sell rallies with 0.74 zone as a target
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