JonathanWong
Short

AUDUSD broken support at 76 cents. What's next on the table?

FX:AUDUSD   Australian Dollar/U.S. Dollar
Disappointing chinese data and USD strength has resulted in AUDUSD             breaking out of its consolidation around the 76 cents to 79 cents range in the past month. Support at 76 cents was not strong enough to form a triple bottom. Prices likely to head lower with expectations of a further rate cut by the RBA. The only solace for the AUDUSD             came from a better than expected unemployment data (6.3% actual vs 6.4% consensus), bringing the pair back into the 76 cents territory. R:R ratio suggests looking for a more appropriate level between 77- 78 cents for a short.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out