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AUDUSD formed bearish candle on h4 | July 6, 2017



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Audusd is facing big bearish pressure. We can see bearish engulfing pattern formed on h4. It is showing selling pressure on this pair. Last few daily candles also giving selling idea on this pair. So we should stay in sell mode on this pair.

Best sell zone for this pair lies on 0.7610. We can sell from that level and wait for fall. SL will be 30 pips. TP will be 30-50 pips. 0.7650 level is another sell area for this pair.

0.7570 can be near-term support. If this pair can break this support, more fall can be expected on this pair.

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