AUDUSD: Top-Down Analysis & Bearish Outlook Explained 🇦🇺🇺🇸

Take a look at AUDUSD.
The pair is trading in a bearish trend.
The price sets new lower highs, respecting a falling trend line on a daily.

After its last test, the price formed a double top formation on that on an hourly time frame.
Its neckline breakout leaves a strong bearish intraday clue.

I expect a bearish movement to 0.6345 / 0.6335

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Trade chiuso: obiettivo raggiunto:

What a move! What a trade!