AUDUSD Chart 1

AUDUSD - Short Term Bearish

AUDUSD - Short term Bearish by DanV on TradingView.com


13 September 2013

Updates and comments

AUDUSD has experience a strong bounce but think we could be on out way to retest the low or make another lower low before trend change to the upside. If we break above 0.94 then we could have the bottom in place and my labels are wrong. Looking at Gold chart which most of the time have positive correlation is moving to retest the last low.

AUDUSD could likewise do the same. So for now I am bearish.

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