AUD/USD: Price rebound on Resistance Area - SHORT Idea

AUD/USD The Ichimoku forecast shows us a Bearish trend and that can be noticed from the Higher and lowers become lower at any swing, I drew a dashed line works to show you how this happens. Now the price technically it's inside a retracement from the Bearish trend with a Bullish impulse that touches the 50% Fibo area with the confluence of support becomes resistance Area of price around 0.7000 and 0.7050. The value of the Stochastic indicator is dropped from the overbought situation and the RSI is turned bearish.

Kommentera: