[Short] My mid-term view on AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
It is being a tough weak for AUD which is now being negotiated below 0.92500.
The RBA comments and the Iron price pushed the AUD below...
Today we still have 2 importante speeches left that can bring high volability to the market.
The chinese economy is showing signals that it is slowing down, which mean that we can see some bad PMI results tonight. This would probably affect negatively the AUD.

For those who have not sold AUDUSD             yet, I think you should wait for the pair to cross 0.92000.
If it continuous to fall, we can see a formation of a forth Elliot wave , in case the price is supported, at 0.91500 (our target).

Be carefull when opening your positions since the market might be just testing the 0.92000 level!

Open: 0.91980
Target: 0.91500
StopLoss: 0.92050

Risk/Reward Ratio: 6.86.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out