OraclePips

AUDUSD BIAS: SELL; CHART: H1

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Hello there again, what is happening in the AU market? Unh, technically, the AU is showing weakness against the USD. HOW AND WHY? First, In the chart above, if you open your eyes wide, you will see that the market has started forming the lower high and lower low structure, signaling the downward movement. Second, the break of structure has already taken place. Third, the recent low has been broken, and the price is under the resistance level. Last, a bearish engulfing has formed, showing the downward continuation.

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