YProsper

AUD/USD Daily Analysis

FX:AUDUSD   Dolar Australia / Dolar A.S.
Daily:

Both MA's about to cross to the downside - Daily
Failed to close above Descending Channel - Daily
*CLEARLY* Rejected off Weekly Res, TOO MANY SELLERS!!! - Daily

AT 50% Fib Retracement we saw a strong bullish Marabuzo, bare gassed buyers. So seeming as so many people we're in a buying mood, emotionally gassed. I've taken the mid as a good short term key level, both support and resistance. - Daily

Since the day of the gassed buyers, we see 0.71620 acted as good support, now turned resistance - Daily
Looks like we closed cleanly below the 38.2% - Daily
Slower EMA is acting as support for now, probably a good opp to catch a lil retracement if your experienced - Daily
Looks like we could be fulfilling AB=CD Targeting 0.67500 to put in new LL - Daily

Just look for confluences and trade em'
Good Luck

P:S if that double top actually happens just know it's not luck
Penafian

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