Aussie: Employment report saved Aussie, but SHORT is favourite.

Last week, Australia employment report saved the Aussie from the decline and drived it to 0.7150

I talked about a Head and Shoulder pattern but it should ignore to consider some new signals from Technical Analysis.

Look at on the chart, I see three things:

- A descending channel.

- AUDUSD contacted Kumo cloud.

- A Doji star.

- SMA50 test

Those resistance levels converge around 0.7140-0.7150

I maintain bearish bias for Aussie and consider recent squeeze is just short term, the long term bias is still bearish.