AUD/USD: Short positions are preferable Technical analysis as of 24/05/2016

Forex analytics: Review and forecast Australian economy is under pressure from several fundamental factors. Since beginning of May the pair AUD/USD fell by over 400 points.The pair broke down important support levels of 0.7445 (Fibonacci 23.6%), 0.7415 (ЕМА200 on the daily chart) and continues to decline.The price broke down the lower line of the ascending channels (the level of 0.7200) on two charts: ...