Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

AUDUSD Downtrend Rolls On

The AUDUSD continued its down trend this week, ending the week by forming an inside bar as it consolidated during Friday trading. Our bearish bias remains for this market and we can watch for price action sell signals from resistance between the 8 / 21 day EMA layer if the market retraces higher early next week.