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AudUsd: Will the Trend Continue?


Weekly Timeframe:


Daily Timeframe:

 

AudUsd Weekly timeframe: After our 4th touch of our weekly trendline, monthly zone, and 61 fib retracement; bears immediately jumped back in as we engulfed more than 50% our previous weekly candlestick. Current Price is at .68087 if price manages to break and hold below .68000 key psychological we can see further bearish continuation to our final target .66750.


Daily time frame testing strong weekly zone with the cross of our moving averages (sellers taking control) . If we close bearish today expect our trendline to break for added confirmation to the downside target.

 

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