As the "Aussie" Dollar shows more signs of weakness we expect pair to drop lower as the "USD" strengthens. Currently on the hourly the pair is rejecting a daily zone and and a gravestone doji has printed on the hourly. Looking for a 1:2 RR with this trade setup to take it to the daily trend line if it breaks we will be looking to take it to the next structure level.
Multiple Time Frame AnalysisSupport and ResistanceTrend Analysis

Penafian