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RamziAbouAbdallah-CMT

Aussie under pressure

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
RamziAbouAbdallah-CMT  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Technical Indicators aussie aussiedollar australiandollar australia AUDUSD aud
0
2
trendanalysis indicator aussie aussiedollar australiandollar australia audusd aud
The Australian dollar is trading well below all its main moving averages on the daily charts. With RBA also cutting growth forecasts and projections I am bearish on this pair and technically a brake of the 0.70600 critical long term support exposes this pair to the 0.70000 figure and below re-testing the upper boundary of the downtrend shown on the chart.
Trade safe.
Ramzi Abou Abdallah, CFTe, CMT

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