AUDUSD - Here we go again! Shorts cycle
AUDUSD seemed to have gained momentum earlier this morning during the Asian session but as we can see price is currently testing the 0.79% fib levels and also testing the the top of the VWAP.
If we can get a strong 4H bearish candle closure with high volume i will be looking for the continuation for more selling pressure for this pair.
Don't forget the stronger the Dollar, the weaker other pairs will be against it.
My target is the -0.27% fib levels.
If we can get a strong 4H bearish candle closure with high volume i will be looking for the continuation for more selling pressure for this pair.
Don't forget the stronger the Dollar, the weaker other pairs will be against it.
My target is the -0.27% fib levels.