The AUDUSD was rejected from an important LT resistance level around 0.9025 and now it is trading in a bearish market condition. If you analyze the ST term charts, you’ll see that the AUDUSD is trading in a short term range:
If I get downward pressure around the ST resistance level I’ll be ready to open my trades.
As long as the AUDUSD keeps trading below 0.8964 I will be looking for short opportunities.
Tags: AUDUSD Analysis