AUDUSD potential short

14 בנוב׳ 2015

Currently the aussie is at the lower end of its range. Price bounced off the the daily ascending trendline and retested the 61.8 level on the 4h chart. If price respects this level and continues to create lower lows within this 4h trend, it is possible to see the daily counter trendline broken and see a retest of the lower levels at 0.6950 (27.2 extension).