AUDUSD 20 Jun 2023 on the H4 timeframe, it looks like this pair is experiencing a bearish trend that continues after this pair managed to touch the 100.0 fibo level last week. Now this pair is at 0.68061. If this pair is unable to reverse the trend and continues to decline through the 61.8 level, then go-short can be an option for traders. This is also reinforced by the RSI indicator which looks to be below the 50 level. But if there is a market change that affects the trend to reverse, then go-long can be an option.
