AUD/USD SELL - 14/11/2017

The Australian dollar broke down the support level 0.7634 but could not fix below it and is trading at this level right now. Even despite this fact, this is a signal for considering short positions, but we need to get an additional signal. Such a signal is a resumption of the fall of the price on increased volume. A stop loss should be placed above the beginning of the move. A potential of the deal is around 100 pips.

The bottom line: short positions are in priority.