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Killy_Mel

FX CHART OF THE DAY: AUDUSD ON RISK OF FURTHER DECLINE

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Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Killy_Mel  
FX:AUDUSD   Australian Dollar / U.S. Dollar
USD (US Dollar) short risk downtrend events calendar
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usd-us-dollar short risk downtrend events calendar
AUDUSD confirming another test of its downtrend on weekly basis, by bouncing of lower 1st standard deviation from weekly (120-h) mean.

Expanding volatility (marked by 3.2 standard deviations from weekly mean) is confirming the risk of further delcine.

Traders can take short off the lower 1st standard deviation (at 0.6940) and stop at the weekly mean (at 0.7010).

Traders should also mind the AUD calendar news incoming over the next 2 days!
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