Hi Everyone, Currently we're looking at Australian Dollar gaining momentum as US Dollar slipping of and it's a right time to take an opportunity in this Long term Bearish Trend as price action indicates Overbought Based on - Dynamic Resistance - Price Oversold (H4) - 200DAY WMA acting as a resistance on Daily Chart - Trend Line (Resistance barrier) tested 3X - Fibonacci minor Grid level (0.382) - RSI, CMO - Oversold!
Overall it's a Healthy trade and we'll be shorting it now as price is expected to drop any minute! If you find this analysis helpful then leave a LIKE and Feel free to comment your thoughts,
Whats your short target for this one ? 0.74122 ?