Sentiment : 1.0150 1.01
The pair AUD/USD has continued its bearish movement and the breakout of the support at 1.0 gave us a new sell signal. Currently, the pair is testing a pullback on this leve. All indicators are bearish. The pair continues to move into its bearish channel (purple lines) and seems to move into a falling wedge (reversal pattern). We continue to advise short positions as far as 1.01 is resistance. The breakout of 0.99 will give a new sell signal and open the way towards 0.98. In case of return above 1.01, we will wait the breakout of 1.0150 to advise long positons.
Chart of the pair AUD/USD - Timeframe 4H - Zoom in :
Chart of the pair AUD/USD - Timeframe 4H - Zoom out:
AUD/USD Live Chart - Timeframe : 4h