Prepare for greater AUDUSD downside as it breaks below trendline

13 Eki 2015

The AUDUSD rally may finally be over as we see the first move breaking below the trendline that has held the past few times. This is a good moment for the 2nd entry shorts as we experience the initial upticks from sellers covering their positions. Selling does not appear to be over as none of the buying pressure is sustaining.