Aud Bearish Set up

We can see a down trend on multiple time frames when you plot the 20 MA Vs 100 MA.

AudUsd is not trading along the 100 MA which may seems to be a rejection zone for bulls to come.

Our overall view on Aud remains bear and specifically on audusd. As long the price remains below 0.7160 region, we are bearish.

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