Hello traders,

today I want to share with you my AUD vs USD analysis. On this pair we are in overall down trend. At the begining of the year price reached low around 0.8700 and bounced back to 0.9400 in April. Now we are testing support at 0.9300 but from three days in raw price closed below this level.

Today we can see bearish engulfing bar on daily TF. Candle is at swing high and engulfed previous candle. As you can see on the chart, price has now a lot of room to go down and to continue long term trend.

Safe trading and be patient !
Paweł
الترجمة الى الانجليزية اظهار الاصلي