ChrisPulver
Long

AUDUSD - 5 iron Huh, well you're fired - Shooter Wants the WEDGE

FX:AUDUSD   Australian Dollar/U.S. Dollar
187 4 4
AUDUSD             - despite the rate cut and arguably "dovish" tone, the AUD has been doing the opposite of what the RBA perhaps is looking for. This isn't my favorite setup due to the strange nature of the RBA vs FED but a wedge is a wedge and if we get above 8010 there's not much that stands in the way of a continued rally towards 8200.
Chris could this be a false breakout?? Stochastic on 4hr is in overbought as well as 30min. There is also a missed weekly pivot at 0.7915 which it may come back to hit.
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Nica521 Nica521
Correction missed pivot is at 7779
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hi Nica521, that is 4hr&30min Sto RSI, but I'm confusing about 1D Sto RSi, not sure what to do next.
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I think long term it's going to the 0.82 so liong as it doesn't take out 0.7700. Chris has more experience than me though...perhaps he might provide his thoughts.
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