AUD/USD Down trend continuation

Mar 13, 2017

The Dollar has appreciated as the FED have announced a rate hike as early as March is on the table. Commodity prices have struggled in this environment and hurt the Aussie dollar. I see this pair making a new low as more bears enter the market. This technical set see's a strong downtrend with a pullback failing to close over the 0.61% fib level and downward sloping trend line. Price action is currently in the 'Kill Zone' offering prime entry.

Mar 15, 2017

Trade closed: stop reached