Forex Strategy: AUD/USD Down Trend Ready to Resume?
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- AUD/USD Technical Strategy: Pending short, waiting for attractive risk/reward
- Prices put in a bearish Three Inside Down candle pattern, hinting at weakness
- Support is at 0.9348 (23.6% Fib exp.), below that eyes 0.9094 (38.2% Fib exp.)
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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