AUDUSD - Near Trend Line, Trend Continuation?
AUDUSD pair has recovered from level around 0.6850 (there was a bullish divergence) and now sitting at 0.6977. The bias now turns bearish, as the price is still below 200 EMA and has rejected the trend line.
I personally prefer to sell this pair. There is a big bearish candlestick performed on Friday last week and it is probably a signal of downtrend continuation, targeting back to level 0.6850 or even 0.6800.
Good luck, happy trading!
Chart Disclaimer : This is not advice or recommendation to trade. It is pure educational and general information only. Do your own research before you decide to buy/sell the markets. Be aware of the risks.