Sforex

Aussie: Waiting the reaction around strong support.

FX:AUDUSD   Australian Dollar / U.S. Dollar
172 0 3
Last week, AUDUSD             is the most surprising pair which rallied 200 pips following previous rally week.

I haven't found a good explanation for this rally yet.

This week. lack of Australia data, market pays attention to US consumer spending data, so I think the rally of Aussie should be limited.

AUDUSD             now stopped at strong support 0.7240, ceiling of Kumo cloud is at there too.

I think I should wait for the reaction of AUDUSD             around this level. If AUDUSD             excesses higher, a BUY calls, on the other hand, if AUDUSD             rejects this level. A SELL calls.

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out