rf16saun

AUDUSD potential short trade forming

FX_IDC:AUDUSD   澳元/美元
44 0 4
AUDUSD             daily this pair is stuck inside a range from 0.72 to.078 from past one year.We have already seen three price rejection on 0.78 area now and it is heading to 0.72 which it usually bounces back to retest 0.78 area. However when ever price retest 0.78 zone it is forming a lower high and its a sign the pair is not able to hold near to that zone.
So here is the two high probability how this pair will play out in next few days/weeks or months.
Either it will retest 0.78 zone and fall to 0.68 zone or the current price will break the 0.72 zone before falling to 0.68 or may be side ways before it plays out.
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