AUDUSD - Potential Retest & Continuation

We've recently had a break and close below a previous level of structure support here on the AUDUSD. We're now retesting our previous level of structure which will have me looking for shorting opportunities once i hit the lower time frames today.

If we do get a reason for reversal I would look for a retest of our previous lows followed by an extension to our next level of structure.

Akil

Kommentar:

I forgot to add this to the description but longer-term traders REMEMBER that we have the Reserve Bank of New Zealand’s upcoming policy decision tonight at 5pm NY. I don't expect any change in policy...but we all know that it's all about the tone & verbiage