TradingView
forexTrdr
Aug 13, 2019 9:52 AM

forexTrdr AUDUSD FINDING SUPPORT Long

Australian Dollar/U.S. DollarFXCM

Description

Morning traders

We are taking a look at Aussie dollar versus US dollar on our trading view channel today. We have taken the daily chart to show the support level the market has found dating back to January flash crash as well as the descending channel we have been trading in for many months now. We are looking for a bounce from this support area at 0.675 area up towards 0.69 area over the coming weeks. Additionally the pair are oversold on both RSI and turning up on Stochastics adding support to our view of a bounce higher here.

Any questions please get in touch
More