Dear friends, in my previous AUD/USD idea(attached below), I told you about
selling at 0.7240 at the descending trendline resistance.
As you can see, AUD/USD reversed nicely from the resistance level.
However, there may be much more drop left.
A strong break below the 0.7160 level would lead to more downside.
So, as long as price stays below the trend line resistance, selling the rallies is
preferred.
selling at 0.7240 at the descending trendline resistance.
As you can see, AUD/USD reversed nicely from the resistance level.
However, there may be much more drop left.
A strong break below the 0.7160 level would lead to more downside.
So, as long as price stays below the trend line resistance, selling the rallies is
preferred.
