AUDUSD signals starting to pointing lower
Against a background of bearish forecast for this week, Monday’s trading in AUDUSD saw sentiment trade sideways inside a very small 34 pip range for a little changed close.
Sellers in Asia ended a sequence of higher weekly lows. This is negative and signals continue to point to further losses.
Management and risk description
Allow room to sell a bounce and lower stop to entry if the first target is met
Entry: Market and 0.7560, Friday's low.
Stop: 0.7608, Monday's high
Target: .7408, July's low and .7322, the 3 week base
Time horizon: Today only
— Edited by Adam Courtenay
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