AUDUSD has been in a range as well . We are looking to short the pair from the price of 0.6385, which indicates the bearish momentum towards the lower side and continuation towards the support. It should be noted that the trend on AUDUSD is still bearish and the market has formed lower lows and lowers highs on it. 

The trendline is ascending and the breakout sell will induce further fuel to the already bearish market and price action. 

There is no retracement on this setup as the market is sill ranging.

EMA 50 is bullish and the market may break it towards the lower side making it the bearish impact for the continuation. 

RSI is at 55. It needs to hop over towards the over bought region from where we can asses the market for the bearish divergence in alignment with the technical factors.

Short AUDUSD from 0.6385

Oct 31 2023

Stop Loss -0.34%

Holding time 7hr

0.63834

Entry price

0.64048

Stop loss price