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piptank
Apr 18, 2015 5:48 PM

Possible Aussie short at 0.7870 $AUD $USD #forex Short

Australian Dollar/U.S. DollarFXCM

Description

Possible short opportunity evolves on Aussie.
The descending trend line can play as resistance and push the price down.
Fundamentals like dropping iron ore price and slowing down in china's export import numbers support my view.
Never the less watch out for major new this week:
Tuesday April 21 2015: RBA Meeting's Minutes
Wednesday April 22 2015: Inflation Reports
Comments
kate25
this is my what I had in mind
piptank
i can see the similarities, nice work by the way, i always appreciate your comments and ideas
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