FX:AUDUSD   Australian Dollar / U.S. Dollar
55 0
AUDUSD is at a critical level as Monetary Policy Meeting Minutes are due tonite at 7:30. Prices pulled off the . 618 Retracement of wave 5 and parrallel channel resistance. Any pull back below .8600 would be a cause for concern yet any trading above the parallel trend resistance line would surely provide a catalyst for more upside. All being said trading confirmed a macd divergence trade set-up, a bullish engulfing candle on the daily time frame and broke a inverted head and shoulders . Prices still look bullish in the bigger picture and bearish in the short time frames. Stop is currently at .8550

Related Ideas

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out