Only charts

Aussie (AUD/USD) is not able to close above .7620$ despite its upside attempts. On Tuesday , the pair has initiated a reversal , a bearish one and will probably continue sliding during the coming sessions with busy economic schedule and releases coming on Thursday and Friday. Technically speaking , the pair is still capped by 0.77$ mark creating triple top , and still supported around 0.73$ , I am Favoring a decline to break the 0.73$ mark , maybe the united stated GDP figure release will be the catalyst for this move. Our First support will be 0.7485$ area followed by 0.7420$ area . It is advised going short at current level with stop loss executed on daily close above 0.7620$ area. On the hourly chart, The pair is showing weakness , and nearing oversold levels at 30 mark. Follow me on twitter @b4borio for updates on this trade and more trading ideas. Feel free to contact me anytime.

The pair has been trying to hold above 0.77$ many times but keeps failing except for only one which was reversed totally after unemployment report was released . Technical analysis for the pair ; it is still supported by the trendline coming from multi year low at 0.68$ passing by 0.7150$ and 0.74$ . A break below the trendline probably sitting now at 0.7560$ will accelerate its slide towards 0.73$ area. So we might enter short position at current market level 0.7610$ as the pair is facing resistance on 1h chart with 200 moving average lying at 0.7620$ area. Stop loss will be on hourly close above 0.7645$... Follow me twitter for updates on this trade and other trading ideas... my twitter handle is : @boriology