AUD / USD: Signal for short of resistance levels

AUD / USD: Daily chart and breakthrough upward movement

Fibonacci – correction to 23.6%

Price action – Pin Bar and false breakout of horizontal resistance


50/200 MA: price below 200MA

DEM: goes under 0.7 – a negative signal

SL: 0,74560

Sentiment: Investors expectations for FED to increase interest rates in December had a strong positive impact on US dollar.

Alternative scenario: If the price crosses above the shadow of the pin bar will probably see a new bullish momentum.


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