AUDUSD SHORT. (Trend: Descending (W), Monthly Res, EMA+SMA)
Reasoning
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Weekly descending trend-line and minor decending channel
broken to the downside.
Monthly resistance key level 0.76500 tested and held.
A-B-C Fibonacci re-tracement 50%
SMA and EMA cross over on daily+hour 4.
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Target 1 at -27% extension from lower high (A)
Target 2 at -61.8% extension from lower high (A)
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Weekly descending trend-line and minor decending channel
broken to the downside.
Monthly resistance key level 0.76500 tested and held.
A-B-C Fibonacci re-tracement 50%
SMA and EMA cross over on daily+hour 4.
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Target 1 at -27% extension from lower high (A)
Target 2 at -61.8% extension from lower high (A)