FollowMyTrades
Short

AUD/USD - Short - 200EMA resistance

FX:AUDUSD   Australian Dollar/U.S. Dollar
117 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.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
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 Account and Billing Sign Out