MrVolcano
Short

AUDUSD - Head & Shoulders

FX:AUDUSD   Australian Dollar / U.S. Dollar
92 0 5
Ascending wedge pattern. All technicals look as if price is about to fall, BUT the fundamentals for this pair are strong. AUD has good interest rates and no immediate plan to change them, USD is expected to cut rates in Dec. Aussie is strong. I think a breakout to the upside is likely in the near future, but the charts are suggesting that there will be one more move back to the lower channel before breaking higher.
Trade closed: target reached
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out