EmpowerTrader
Short

AUDUSD Facing Strong Resistance a Head

FX:AUDUSD   Australian Dollar / U.S. Dollar
The AUDUSD gained sharply at the beginning of November align with a recovery Chinese markets. Now price is trading in the upper range of the bearish channel . With trade war still looming large, AUD could saw strong bears a head. Therefore, look for trade war news and performance of Chinese markets for head way for price action. Bearish signals could trigger a bearish reversal, as the Australian dollar's strength comes mostly from commodities prices due to its exports.

Trade Step-ups:

Bearish Reversal: Price rejects a break from current resistance level . Look for a move to bottom side of the trend. Profit levels to look for are .7120, .7070 & .7000 respectively.

Bullish Breakout: Price breaks current resistance level , look for a consolidation above .72600 for a potential move higher.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out