Trade Review: AUD/USD

Our AUD/USD trade went against us at the beginning of Friday’s euro session as the pair dropped and found no support at the .7600 level.After the stop out, I continued to watch the pair and notice that the previous support levels are now turning into resistance levels.We may see a new short term downtrend forming, especially since we see crossing in the MACD and RSI indicators to the downside on the daily chart.

Lot 1: -20 pips

Lot 2: -20 pips