FollowMyTrades
Short

AUD/USD - Short - 200EMA resistance

FX:AUDUSD   Australian Dollar/U.S. Dollar
118 0 2
AUDUSD             has tested the outer channel resistance towards the end of last week. Price did breach the 200 EMA but quicky retraced.

It then made a second attempt on the 200EMA and failed forming a bearish pin bar . If we look historically price has respected the 200EMA for several months now.

There is strong resistance at .78500 which I think price will struggle to break.

Just to note NZDUSD             and AUDUSD             are highly correlated and as stated earlier NZD could be setting up for a reversal so if you do decide to short the aussie run a tight stop.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex 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