FxWirePro
Short

Short AUD/USD on close below 200-DMA at 0.7259

FX:AUDUSD   Australian Dollar/U.S. Dollar
257 0 8
AUD/USD             trades with a major downward bias.

The pair has broken major supports:- 1) Trendline @ 0.7555, 2) 55-EMA @ 0.7525, 3) 110-EMA @ 0.7415, 4) 200-DMA @ 0.7259.

The pair has edged higher from session lows at 0.7245, and holds above 61.8% Fib retrace of Jan to Apr             rally at 0.7212.

Strong US data on Friday (retail sales and consumer sentiment soared) along with Tuesday's upcoming RBA minutes likely to cap upside in the pair.

Close below 200-DMA at 0.7259 will see test of 0.7212. Break below could see test of 0.7043 (78.6% Fib).

Good to go short on close below 0.7259, SL: 0.7330, TP: 0.7210/0.7150/0.71/0.7050
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out