0,8717. AUD USD broke 0,8750 support. AUD USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The price should find a resistance below 0,8750. The downtrend should continue to gather momentum.
=> We could take a short position at 0,8725. We will put the stop loss above 0,8760 (-35 pips). The targets are 0,8650 (+75 pips) 0,8600 (+125 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
0,8750 - 0,8790
Supports
0,8700 - 0,8640