TradingView
NJONGO_1
Dec 1, 2018 9:04 PM

TRENDLINE RETEST AFTER GAINS IN U.S STOCKS Long

Australian Dollar/U.S. DollarFXCM

Description

Good Evening

The U.S Dollar P.M.I Increases

DXY gains of +0.42%, S&P 500 gains of 0.82% and Dow gains of 0.79%

as a result the Dollar has strengthened ahead of the G-20 Meeting.

Aussie Dollar is down over the Greenback and thus on the chart we have a Double Top at 0.73500. Strength in 6he U.S Dollar could see a Uptrend Support line retest before resuming Bullish

My analysis is as follows

Take Care!
More