The AUD/USD pair retreated after a surge in news data yesterday, closing at 0.69333. The current trend is still bearish, the MACD indicator broke the signal line, and the bearish trend is still strong. The RVI indicator has formed a death cross, and both lines are below the 0-axis, and you can start shorting.
The RSI indicator on the H1 chart is already at 37, and the bear trend is coming. In addition, the short trade volume of the MACD indicator has gradually formed. This is a good time to enter the market and go short.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
