AUDUSD trading plan (28-03-2016)

Under 0,76, sell signals towards 0,735. Watch price action around 0,735 – 0,735, to go back to 0,76 or to continue going down towards 0,70.

It is all on the weekly chart. The SMAs are pointing down, indicating a down trend, and the pair seems to be rejecting 0,76 as a resistance. We are most probably going to retest the 0,735 support line, where the pair will also meet the 55 SMA, and then whether reverse to go back up to retest the 0,76 level, or confirm a bearish break down to go to the 0,70 support level.



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