ruzeyinvest

double top formation audusd

Short
ruzeyinvest Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
9
broke strong support on 0.75 and have a double top formation
Comment:
4.Australian employment data: Thursday, 1:30. The Australian employment market contracted by 6400 jobs in February, pushing the unemployment rate to a 13-month high of 5.9%..The expectations for March’s unemployment rate are 5.9%.Which indicates that there isn’t a change.We are not sure in the predictions,but if they match the real data,open short positions but do not expect miracles and do not be greedy(20-40 pip movement).However if the rate is 6.0% and over ,we recommend opening shorts.If the rate is below 5,9% ,open long positions.
Comment:
Double top formation in action audusd is fall

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.