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sett0
Aug 18, 2018 9:29 AM

Another swing low for AUDUSD 

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD respects the downtrend since the beginning of February.
Recent support was broken down. The price comes up for retest (every important broken support and/or resistance is retested).
Expecting the price to fall.
Comments
Deep-Peat-Shark
Likely an up if USD devalues
sett0
@ArnaudKleinveld, could happen but the fundamentals are for stronger dollar. One more interest rate hike is expected by the end of the year. RBA missed the chance to increase their rate at September 4th.
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