audusd bearish looking for support

16 Sep 2018

As we can see on the chart is the audusd pair bearish on the moment. Looking at the recent history learns us that it will look for support at the purple or green support line. The StochRSI goes down like a stone at the moment. So it confirms our short trade for the next days. This trade is good for 70 (purple) or 90 (green) pips profit. I recommend to set there your profit targets. Stoploss at 0,72010 since it's just above a nice round number and just above the light blue resistance line by the time when we go in the wrong direction.

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