AUDUSD Bearish

Hi Traders,

We are bearish with this pair for many reasons.

As per the graph, this pair has broken the ascending daily trend line. This pair is now impulsing to the upside and we should now see a retest of the ascending trend line which is also within our Fibonacci levels providing strong resistance. We can also see that this pair is trading within a descending weekly trend line acting as strong resistance and bearish momentum.

To receive our signals, message us directly to be added to the TraderX Academy team.

Happy trading :)

Regards,
TraderX Academy