AUDUSD Potential for Bearish Continuation

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AUDUSD Potential for Bearish Continuation


On the H4, with the price moving below the Ichimoku cloud and moving within the descending channel, we have a bearish bias that the price may drop to the sell entry at 0.67264, which is in line with the previous swing low. If the price can break this support level, the take profit could be at 0.66809, where the 61.8% Fibonacci projection and swing low are. Alternatively, the price may rise to the stop loss at 0.67770, where the 23.6% Fibonacci retracement and overlap resistance are. #OPINIONLEADER#

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