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tradingconmike

AUDUSD - Bearish Breakout Confirmed

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
tradingconmike Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns AUDUSD audusdshort audusdanalysis audusdsignal audusdtrade
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trendanalysis chartpattern audusd audusdshort audusdanalysis audusdsignal audusdtrade
The Australian dollar continued its strong sell-off even as the prices of industrial metals continued bouncing back. The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645.

Bearish view:

- Sell the AUD/USD pair and set a take-profit at 0.6425

- Add a stop-loss at 0.6525

Bullish view:

- Set a buy-stop at 0.6480 and a take-profit at 0.6550

- Add a stop-loss at 0.6400

Guys, what do you think? Leave a comment with your thoughts.
Trade closed: target reached
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