AUDUSD is under heavy selling pressure the last two weeks that turn the momentum to bearish in the short term as well as for the long term. The price today broke below the 100 day Moving average, and sellers are in full control, and can drive the price down to 0.76 where is the next support.
futures's Blog
AUDUSD
AUDUSD is trading in narrow trading range having posted the daily high at 0.7918 and the daily low at 0.7867.The pair is trading now above 0.79 giving the bulls a positive sign but in order to regain the bullish momentum the pair has to break above 0.7963 last weeks high.
Keep calm and trade responsibly.....
Keep calm and trade responsibly.....
AUDUSD
AUDUSD made an impressive rally the last days but now have reached overbought levels, meanwhile USD looks strong across the board, a profit taking looks possible.
AUDUSD
AUDUSD made an impressive rally the last days but now have reached overbought levels, meanwhile USD looks strong across the board, a profit taking looks possible.
Keep calm and trade responsibly...
Keep calm and trade responsibly...
AUDUSD
AUDUSD is under selling pressure after disappointing retail sales and poor China PMI. The pair broke below the 50h and 100h MA's, giving the sellers the upper hand, first target 0.7360
Keep calm and trade responsibly...
Keep calm and trade responsibly...
AUDUSD
AUDUSD still holds the bullish trendline started from late December 2016, as long as the pair holds above 0.7380 level i will stay bullish targeting 0.7480
AUDUSD
AUDUSD is under pressure again today after hitting the daily high at 0.7562, turn negative and now is trading at the low of the day just at the 100d MA and the psychological 0.75 level which might give a reaction.
Keep calm and trade responsibly....
Keep calm and trade responsibly....
AUDUSD
AUDUSD broke below the 100d MA at the 0.7514 level. Sellers are stepping in as this a major support area and a close below that line will mean a trend change. Stay short as the pair is trading below the 100d MA.
Keep calm and trade responsibly.......
Enjoy your weekend!
Keep calm and trade responsibly.......
Enjoy your weekend!
AUDUSD
A clear bullish technical picture for AUDUSD as the pair in corrections is finding support at the 50h MA and rebounds, go longs as long as that support is on hold
Keep calm and trade responsibly....
Enjoy your weekend!
Keep calm and trade responsibly....
Enjoy your weekend!
AUDUSD
AUDUSD made an impressive rally the last three days crossing above the 50H MA, but as we can see from the graph the pair has reached overbought levels and a correction will come soon.
Keep calm and trade responsibly....
Keep calm and trade responsibly....