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.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out