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maccabean

Trade of the day No.7. Sell AUDUSD as MACD rolls over

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
maccabean  
FX:AUDUSD   Australian Dollar / U.S. Dollar
tradeoftheday aussie commodity currency
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tradeoftheday aussie commodity currency
Macd rolls over as price approaches mid range support. A drop below this opens up the price to stronger support. A drop below this and we are looking at a mid .60 handle.

MACD is one of the most reliable indicators that is extra strong when used in the context of other indicators.
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