AUDUSD - Short - Continued Downward Momentum

2020-01-10 01:50:35

Having failed to break key resistance at 0.703 AUDUSD has continued it's downward momentum as it seeks to break support at 0.685. We still have a short view and see the currency pair moving towards 0.67 in the coming weeks as we await non-farm payrolls tomorrow which could lead to significant price action.