AUDUSD ripe for a short

27 בספט׳ 2016The Aussie is approaching major resistance confluence once again and looks ripe for a short. Pair remains capped by falling trend-line resistance dating back to April 2013. Bears will be keeping an eye out for sell signals on the lower time frames and looking to propel the pair lower. Initial support lies in the 76 - 7620 range, with a break below there targeting channel/range support confluence above 7450. Daily close above 77 would invalidate.