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Australian Dollar / U.S. Dollar
Short

Aussie about to crash HS weekly

By ArturoL
Updated
The dollar is gaining strength, the AUD bounced off the long term resistance. Is forming a HS confirming its bearish trend.
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In the daily timeframe AUSUSD is forming a bearing wedge, ready to break down. The price was rejected of the daily 50 MA.
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I added to my short position. I'm planning to hold this trade for several weeks.
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Added more.
audAUDUSDaussieForexHead and ShouldersshortshortsetupSupport and Resistance
ArturoL
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