AUD/USD
The technical picture 4 hours, the Australian dollar is showing signs of overbought, so a decline in upward sequence and a daily close below the 1.0800 mark the beginning of a larger bearish trend.
Only a bearish breakdown, bellow of the linea de tendencia will serve as a trigger to take a short position, with an ultimate goal 104,80 U.S. dollars per Australian dollar.
The momentum indicator supports our bearish outlook.