FxWirePro
Short

Short AUD/USD on break below 0.74, target 0.7315

FX:AUDUSD   Australian Dollar / U.S. Dollar
212 0 8
Aussie slips across the board, following the weakest yuan fix against the US Dollar             since August 2015.

PBOC set today's USD/CNY at 6.6375 vs 6.5776, USD/CNY hits its highest level since Jan 2011.

A weaker Chinese industrial profits print released earlier on the day also weighed heavily on the sentiment surrounding the commodity currencies.

The pair finds minor support at 0.74 (20-DMA), break below will drag the pair lower to test trendline at 0.7315.

Momentum studies are bearish , Stochs have rolled over from overbought levels, RSI is biased lower.

Immediate support and resistance are seen at 0.74 (20-DMA) and 0.4722(100-DMA).

Good to go short on break below 0.74, SL: 0.7445, TP: 0.7330/ 0.7315/ 0.73
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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