FxWirePro
Short

AUD/USD retraces from day's highs, good to sell rallies

FX:AUDUSD   Australian Dollar/U.S. Dollar
350 1 10
AUD/USD             fails to hold above the 0.71 handle, upside bias seems to have lost momentum , trades largely unchanged at around 0.7090 levels.

The pair is extending declines after rejection at strong trendline resistance on Feb 4th.

Techs suggest downside for the pair, Stochs, RSI and MACD are biased lower, tests of 0.6973 likely.

Daily charts show a bearish 5-DMA crossover on the 10-DMA, which further reinforces downside.

Immediate resistance is seen at 0.7099 (10-DMA), while support on the downside is located at 0.7038 (Feb 10th lows).

Good to sell rallies around 0.7095, SL: 0.7175, TP: 0.7037/0.6975
Amina66
9 months ago
nice setup! may you please tell me how can I get DMA indicator? I could not find it in the indicators list.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
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 Billing Sign Out