Sitrade
Short

AUD potential trade

FX:AUDUSD   Australian Dollar/U.S. Dollar
I'm looking at an opportunity to short the AUD here.

the pair has been quite resilient lately on the back of what I consider to be broad USD weakness.

At the time of writing, AUD had just stood tall through the news of a rate cut and some weaker than expected employment figures. Technically speaking, We have seen a move lower to what looks like a potential neckline of a head and shoulders pattern of which a breakdown past the neckline could potentially trigger a larger move to the downside as market participants weigh in the underlying fundamentals.

Economic reports tonight from America that come in positive may be what we need to bring us closer to a challenge of the neckline.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out