Australian Dollar / U.S. Dollar

AUDUSD resistance zones to short: AU continue downtrend

Updated

I am of the opinion that AU will continue the downtrend based on momentum.

I will be watching the three red zones for potential short entries.

Note

AU looks to breach first resistance zone

snapshot

perfect, will watch the next zone for possible short

Note

AU short fired, looks to be rejecting from 4.236 extension in the resistance zone

snapshot

Note

AU looking quite bullish on the bounce.
Went through all three resistance zones I had.
Now evaluating this move.

snapshot

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