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AUD/USD - TESTING THE 3-MONTH FALLING TRENDLINE

Short
Dollaro australiano / Dollaro (FX:AUDUSD)  
TradeItSimple  
FX:AUDUSD   Dollaro australiano / Dollaro
AUDUSD aussiedollarshort polaritychange oldsupportnewresistance Trend Lines
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audusd aussiedollarshort polaritychange oldsupportnewresistance trendline
AUDUSD

AUD/USD DAILY

The rate broke the gap resistance yesterday and is now testing the 3-month falling trendline and former support level at 0.7330.

It came within 10 pips of stop loss, but I am still holding the positions and will be looking to scale in the trade.

My bias is still lower, however I am will be waiting for today's NFP figures before entering any new short positions.

A break above the trendline and yesterday's high at 0.7356 would invalidate my immediate bearish bias, but only to wait for a deeper pullback towards the broken channel around 0.7500 to sell from better prices.

Idee correlate

TradeItSimple
AUD/USD - Old support - new resistance
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