AUDUSD at resistance in channel!

2020-01-02 22:25:55

AU was rejected on the resistance trendline, and is showing some bearish strenght. Looking at a smaller TF I see that it's hitting support trendline and showing some strenght on this level. We may be inbound for a breakdown on the AU as it has way more room downwards. If it breaks the smaller TF support and bulls fail to bring it back after a fakeout, AU will crash hard.