FxKool
Short

Possible Short Entry AUDUSD

FX_IDC:AUDUSD   Australian Dollar/U.S. Dollar
20 0 1
First off I want to say this pair is really crazy. Since February 2016 when it soared amid high iron ore prices it did not have a full-fledged correction yet. Most of the traders shorted the pair all the up to 71 then 72, 73. 74, 75, 76 and now its being traded above 77 and on way to hit 78. But it seems that Australian government is unlikely to favour high aussie price but the market doesn't care. The price heads up to 78+. I set pending order at 7800 as weekly chart shows pretty strong resistance at this level. Overall we're still in the long-term descending channel so I am a bit skeptical about 79s and 80s however strong bullish move may wipe off all the bears along the way. This pair literally doesn't want to drop but I see a nice potential to short it at 7800
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out