roni511
Long

Is AUDUSD reversing?

FX:AUDUSD   Australian Dollar / U.S. Dollar
54 3 4
https://www.tradingview.com/chart/4BfEVk2Q/
AUDUSD             looks like it may be reversing on both the daily and weekly charts. May look for a long setup if it can break resistance at 0.7800.
I'm going to keep an eye on this ... Question: Do you think it has done enough correction to the downside??
There is an infamous date when new regulations take effect--I think SEC--Money Market funds need to find new places to put Hundreds of millions .. and Billions?? of funds to satisfy new Regulations. Could be here With Aussie!!
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RrrussT1 RrrussT1
Oh crap-- the Infamous Date is Oct 14, 2016 !!!
Reply
roni511 RrrussT1
I have no idea, I'll wait until it completes the reversal pattern, breaks above resistance and consolidates before considering this trade.
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