AUD/USD retesting short term sup as res 🦘📉

Direct from the desk of Dane Williams,

This is not your average forex broker email.

Afternoon team,

With AUD/USD remaining capped by daily trend line resistance, I explained on the blog why I’m looking for shorts.

A short that I may just have found.

Take a look at the AUD/USD intraday price action on the hourly chart below.

AUD/USD Hourly:

You can see that price is capped by higher time frame trend line resistance and that the second retest of the level was a lower high.

After forming that lower high, price then dropped hard, before pulling back to retest the first area of short term support as resistance.

A potential place to short!

Place your stops and manage your risk accordingly. There’s certainly some potential here.

Best of probabilities to you,