AUDUSD Breakout and Potential Retrace

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Dólar Australiano/Dólar Americano (FX:AUDUSD)

FX:AUDUSD Dólar Australiano/Dólar Americano

trendanalysis indicator beyondta audusd aud usd sell short bearish technicalanalysis containsimage

Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.66200 zone, AUDUSD was trading in a uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66200 support and resistance zone.
We would also consider the current bearish bias on stocks as AUDUSD is having a positive correlation with Indices
Trade safe, Joe

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