AUDUSD - Correction to the downtrend

FX:AUDUSD   Australian Dollar / U.S. Dollar
300 0 4
AUDUSD             is likely to show some correction to the downtrend. We know that the RBA expects the Aussie to be at 0.85, but that wasn't the case. The lowest price went after the comments was 0.88.

This analysis shows a possible long trade for the short term as well as a short trade after the correction is over.

As always, look to RSI and candlestick patterns for clues when price gets closer to 0.92 level.

Week ahead has the NFP data along with some key Aussie fundamentals.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out