AUD/USD Technical Analysis: Charts Remain Bearish
Aussie is trading around confluent resistance, and doing so in a manner that is forming a bear-flag. Validation of the bear-flag is yet needed, but looks to be around the bend. A new low towards the low 7200s is the anticipated next stop should the bear-flag trigger.
See the video above for the full details…
AUD/USD 4-hr Chart
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---Written by Paul Robinson, Market Analyst
You can follow Paul on Twitter at @PaulRobinsonFX
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.