Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.7905
Trend: downtrend
Possible trading range:0.77-0.82
Signals: Recently an inverted head and shoulders pattern was totally ignored by bears and this fact suggested that the downtrend has more room to go in the followings days.It's worth to mention that this decisive break below 0.80 will likely kick off a new impulsive down-phase.
Fundamentals: As long as Australia continues to struggle under the…