AUD/USD analysis for November 05, 2018 - ConsultFX

AUD/USD analysis for November 05, 2018

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Recently, the AUD/USD pair has been trading sideways at the price of 0.7195. Anyway, according to the M15 time – frame, I have found a potential end of the upward correction (regular flat abc), which is a sign that buying looks risky. The short- term trend is bearish and my advice is to watch for selling opportunities. The downward targets are set at the price of 0.7182 and at the price of 0.7122.

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