Sforex
Short

Aussie: Employment report saved Aussie, but SHORT is favourite.

FX:AUDUSD   Australian Dollar/U.S. Dollar
245 1 6
Last week, Australia employment report saved the Aussie from the decline and drived it to 0.7150

I talked about a Head and Shoulder pattern but it should ignore to consider some new signals from Technical Analysis .

Look at on the chart, I see three things:

- A descending channel.

- AUDUSD             contacted Kumo cloud.

- A Doji star.

- SMA50 test

Those resistance levels converge around 0.7140-0.7150

I maintain bearish bias for Aussie and consider recent squeeze is just short term, the long term bias is still bearish .
ChatchaiVong
a year ago
thank so much
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