AUD/USD: suitable level for short position, stop loss 0.8086

AUD / USD downward trend accelerated – only short positions.

Medium short movement

Technical formation: rectangle – confirming shorts

Indicators in a negative formation

Price below the moving average: 50, 100, 200 – just short

The price at the top of the rectangle below its maximum. Appropriate levels to sell with stop 0.8150

Target: 0.8086

The sentiment: for a strong dollar, despite its short-term decline, due perhaps to profit taking. AUD – negative foundation

 Varchev Traders

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