Get started
AlexUngureanu

AUD/USD - Inverted H&S

Long
Australian Dollar / U.S. Dollar (FX_IDC:AUDUSD)  
AlexUngureanu Updated   
FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
2
0
High commodity prices, infrastructure spending in US will increase demand for Iron ore, good Chinese data support the AUD in the long run.
Entry long at 0.7370
Comment:
MACD divergence, we look for the second shoulder to form between 38% and 50% Fib retracement.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.