The AUDUSD has traded below the Daily Structure of 0.7340 after several intraday attempts to stay above this price point.
Another factor that will contribute to this bias is a break below 1DL of 0.7332.
We look to target the next structural point of 0.7289, the strong line 110% of the Fibonacci extension.
Alternatively, a break back above the 0.7348 will invalidate the short setup.
Another factor that will contribute to this bias is a break below 1DL of 0.7332.
We look to target the next structural point of 0.7289, the strong line 110% of the Fibonacci extension.
Alternatively, a break back above the 0.7348 will invalidate the short setup.