FX:AUDUSD   Australian Dollar/U.S. Dollar
262 3 0
We know the Aussie has been building a very wide pennant on the weekly chart, looking like a bullish chart. On a closer look, it seems that we may break to the upside, especially as the USD may continue lower. If we see a breakout, our first target can be previous resistance at 1.06.

However, if we do not breakout yet, we can see price reacting to current resistance and potentially reaching the 200ma at around 1.03 area.

Note: the forecasts are not necessarily time-sensitive.
metalhe4der PRO
4 years ago
Update: I've taken a short position.
metalhe4der PRO
4 years ago
I've cut the short position...wasn't going anywhere with it.
metalhe4der PRO
4 years ago
Update: I've taken a long position, after my previously failed attempt at a short. Note how I said I felt the short wasn't going anywhere. My first target on this is currently at 1.055
Ideas Scripts Chart
United States
United Kingdom
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