AUD/USD Short - Bearish Trend To Resume
AUD/USD is in a long term bearish market, and the 1H chart's recent downside impulse implies that this trend is set to resume.
We've seen a month long correction on the Aussie dollar in the long term bear market, and this latest impulse suggests we may be seeing the start of the next leg.
Technically looking to short from yesterdays high, and targeting the 1H 127% extension level.
We've seen a month long correction on the Aussie dollar in the long term bear market, and this latest impulse suggests we may be seeing the start of the next leg.
Technically looking to short from yesterdays high, and targeting the 1H 127% extension level.
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