AUDUSD: Bears continue to sell into 1:1 rallies via ForexLive

The bears have continued to sell into 1:1 rallies several weeks with the most recent 1:1 (Blue) attracting plenty of selling interest early last week. The most important level to keep a close eye on in this degree is the 1:1 (Yellow) that comes in at 0.7415, as long as the market stays below this level the current downtrend will remain intact and the bears in full control.

posted via ForexLive