AUDUSD: Rejection at the top of the Channel Down.

13 בדצמ׳ 2023AUDUSD is almost neutral on the 1D timeframe (RSI = 55.106, MACD = 0.003, ADX = 28.280) as it has started to decline again after the rejection on the 0.618 Fibonacci level near the top of the twelve month Channel Down. The 1D RSI got overbought at the top just like on the June 15th LH (also on the 0.618 Fibonacci), which was the previous most optimal short opportunity. We are going short on this pair again, targeting the S2 level (TP = 0.61725), which is near the bottom of the Channel Down as awell as the -0.236 Fibonacci extension (as was the October 3rd low).

See how our prior idea has worked:

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##