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AUDUSD: Short Idea

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Dólar australiano/Dólar estadounidense (FX:AUDUSD)  
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FX:AUDUSD   Dólar australiano/Dólar estadounidense
Trend Analysis Chart Patterns Technical Indicators lowerlows lowerlow higherhigh higherhighs short downtrend FLAG AUDUSD
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trendanalysis chartpattern indicator lowerlows lowerlow higherhigh higherhighs short downtrend flag audusd
Hello, Traders!

I expect a short term continuation of this downtrend. If we take the current movement to the downside into account we can see that it's pretty weak and that a flag consolidation is being formed. On the daily time frame the 200 MA indicator might act as a support. It is better to watch this pair closely as it could soon move up again.

What do you guys think? I'd be happy to know your thoughts about it.


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