AU short positioning

23 May 2020

With Powell not approving another stimulus at this point, we saw 2 major selloffs at the .66 range with final selloff breaking the current uptrend angle based on hourly and 4hr chart. With low volume, I see price coming up to .655-.657 which is a major area to test since being broken. Major attention to Powell this coming week to be able to confirm more down or not. Good luck and trade diligently