AUD/USD Daily Timeframe Analysis

Hello Traders! Today i will take a look at Aussie Daily timeframe.

Looking at the AUD/USD Daily timeframe, we can see that price coming in to very technical zone. Waiting for 40-60 pips move to upside.

Looking to short this pair at the 0.69185 zone. As we can see, if price will reach this zone, we will have a lot of confluences for shorts opportunities.

Fourth touch of a descending trendline, 61.8 Fibonacci retracement. Lower high and technical chart structure.

Targeting 240 pips to downside.

Best wishes!


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