Enough of that fundamental voodoo. Let’s get back to the technicals!
0.7500 looks to be the level that price is gravitating down towards and in these two channels, we’ve got plenty of scope for further falls.
AUD/USD daily:
AUD/USD hourly:
It’s just impossible to again not be favouring playing from the short side. Plenty of obvious levels in these two charts to manage risk around when some setups develop.
Dane Williams – @danewilliamsau
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