AUDUSD - Resistance or Break?

٤ يناير ٢٠١٧

Hi all!

I got a very interesting chart for you today on AUDUSD.

There have been a bullish price action from the AUDUSD these last two days and it is now moving towards a resistance, 0.382 fib and resistance from the downward channel. Gotta love combos, right?

I currently have a bullish outlook on USD these days, so I am leaning towards a strong resistance and a continuation of the downward channel.

So lets see how it reacts before taking a position.

٥ يناير ٢٠١٧

ملاحظة

Got a big move these last two days and analysts says this is profit taking. Pair seems to be strugling breaking 0.73 so taking a short position @0.7299