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Mar 23, 2017 9:14 AM

AUDUSD Short 1 Hr Chart  Short

Australian Dollar/U.S. DollarFXCM

Description

Aussie Dollar falls as bond yield drop hints RBA outlook eroding. The Australian Dollar underperformed in overnight trade, falling alongside local front-end bond yields. That speaks to a dovish shift in RBA monetary policy bets, though a standalone catalyst triggering it is not immediately apparent.

Monthly: Spinning top green candle, testing monthly resistance
Weekly: shooting star forming after a bullish engulfing, testing monthly support further downside likely
Daily: Bearish engulfing now starting to form a bearish hanging man, sitting above M.A
H4: Broken Below M.A potential retracement to 0.382 fib 0.75973
Comments
Naz_Stocks
Hi, have you entered this trade?

Thanks!
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