AU Short- Weekly Analysis

This week we may see bearish movement within AU. For the past couple of weeks AU has provided us a nice descending triangle. The end of last week price failed to reach the dynamic resistance of the triangle, and has now broken below the support of the triangle. Currently looking like a retest of the new found resistance, waiting for confirmation for a Sell entry.
AUDUSDaudusdshortDescending TriangleshortshortsetupSupport and ResistanceTrend LinesTriangle

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