YProsper

AUD/USD Weekly Analysis

FX:AUDUSD   Dolar Australia/Dolar U.S
20 0 1
Back like I never left! Been away from the charts letting this heat from da FED die down.
At the moment I only see downside potential; but i'm uneasy because we're approaching the end of the month, Bank holiday and the Monthly TF candle looks like its putting in a dirty Doji which could open up doors for upside moves.

But besides from this. To go through some of my technicals...

Weekly TF:

We rejected off faster EMA so we're still under MA's (Downtrend;) - Weekly TF.
After last weeks madting we still closed below EMA which should of been an early sign we're going down - Weekly TF
We failed to close above Descending TL with a clean break - Weekly TF
Could be forming a Bearish Engulfing Candle. - Weekly TF
We put in a very long wick indicating too much pressure on buyers, sellers in control - Weekly TF

Just look for confluences and trade em'
Good Luck
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