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theConsultant45

AUD/USD Possible Daily Downside Breakout

Dólar Australiano/Dólar Americano (FOREXCOM:AUDUSD)  
theConsultant45 Atualizado   
FOREXCOM:AUDUSD   Dólar Australiano/Dólar Americano
Chart Patterns Trend Analysis Inside Bar
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chartpattern trendanalysis insidebar
Key Points:

- Inside bar setup on 10/13 and 10/14.
- Price action is occurring below the 50 MA and is showing a trend line break to the downside.
- The daily does have some past support around 0.7140 price area.
- If we break below this support its possible our first stop is 0.7100 then 0.7005.
Comentário:
Worked out quite nicely. The way DXY is looking I would expect to see AUDUSD to push further down to 0.7000 (next near support) leading into Mondays London market open.
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