Selling opportunity: AUDUSD with little risk

Selling opportunity: AUDUSD with little risk

Today the Reserve Bank of Australia released the minutes of the latest meeting and came in a tone that tends more towards easing monetary policy.

Although monetary policymakers agreed to keep interest rates unchanged, he hinted at the possibility of a rate cut at future meetings, and possibly unconventional easing if necessary.

And of course this has a negative impact on the value of the Australian dollar.

The concern of the Australian Federal Reserve is the development of the trade dispute between the United States and China, and its negative effects on the global economy.
As a reminder, China is Australia's largest economic partner, so negative repercussions on the Chinese economy will inevitably drag the Australian economy.

Technical Analysis:

Last week the pair broke the bottom line of the bullish channel and then retested.
The price of the pair at the time of writing this analysis is testing these levels again, which also corresponds to sma 200 on the 4 hour chart.

Selling from current levels 0,6820
Stop loss: 0.6855
The first goal: 0,6775
Second goal: 0.66690
Risk ratio 1/4

Good Luck