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AUD/USD Technical Analysis: Charts Remain Bearish

AUD/USD Technical Analysis: Charts Remain Bearish

Paul Robinson, Strategist
USD Forecast
USD Forecast
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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

aud/usd 4-hr chart

AUD/USD Chart by TradingView

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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.

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