FX CHART OF THE DAY: AUDUSD IS ON RISK OF A BREAKDOWN
AUDUSD has broken below 1st standard deviation from weekly mean (120-h) which has negative slope.
Probability of further dowmove persists as long as price is below the key level.
Traders can pick short position close to the 1st standard deviation (0.7315) in expectation of a breakdown with stop at the weekly mean (0.7345).
Probability of further dowmove persists as long as price is below the key level.
Traders can pick short position close to the 1st standard deviation (0.7315) in expectation of a breakdown with stop at the weekly mean (0.7345).