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PipsLand
Jul 16, 2019 7:34 AM

AUD USD 16-07 Analysis  Short

Australian Dollar/U.S. DollarFXCM

Description

Australia and the US today's fluctuation range of 0.70000-0.70750. The trend conversion bit is 0.70250. The Australian dollar remained strong on Monday due to better-than-expected GDP in China in the second quarter.Aussie continued upward movement yesterday, but the upside momentum has weakened in 1 hour,

RSI seem has reached overbought signals, stoch have also same, price has reached resistance level,

The intraday trading proposal is short-selling after falling below 0.70250, and the target is around 0.70000.
Comments
Bullandbeartrading
Great levels!
transparent-fx
hey your content doesn't go unnoticed, hope you are also learning from my sessions
PipsLand
@transparent-fx, Great Analysis!
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