AUDUSD Sell Setup

Details on chart.

Kommentera:

Aud went up without hitting target.. and now falling due to unable to hold resistance of 0.754 and 0.7573.. now this was technical..

And regarding fundamentals.. aud fallen hard after Speculation of Rate Cut in August..!!!!!! Stay turned as fomc can make it more bearish breaking support of 0.7425.. or another jump towards 0.76.

Before fomc stop will be BE. and if 0.7425 breaks then target is dowards 0.733 and down..

Kommentera:

Going below 0.74 would be very bearish and I am expecting breakout... bcuz aud cross pairs suggesting more downside...