FX:AUDUSD   Australian Dollar / U.S. Dollar
The outlook for Australia's economy continues to deteriorate. Recent data on Australia's property market, credit and business information show that Australia's economy will further slow down. From the technical analysis point of view, the Australian dollar is testing the pressure level of 0.71279. It is recommended to short at 0.71279, target at 0.70400 and stop at above 0.71600.
Trade closed: target reached:
AUD empty orders have reached the first target of 0.70680
Great idea, I have the same bearish view on AUDUSD let me know how you think
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ChangLiu FXCM-EDU
@FXCM-EDU, If the Australian dollar can break through the support level of 0.70654, I will think it will get support around 0.70400 and continue to consolidate.
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