FxWirePro
Short

Aussie trades lower on weak retail sales, targets 0.7500

FX:AUDUSD   Australian Dollar/U.S. Dollar
412 1 7
AUD/USD             has broken major support around 0.7580 on account of weaker than expected retail sales and weak China's services PMI.

Australian retail sales data has showed a 0.3% increase M/M compared to forecast of 0.5%.China's services PMI data declined to 51.8 to 5 month low compared to 53.5 (prior month).

Technically any break below 0.7580 confirms short term weakness, decline till 0.7530/0.7500 is possible.

Short term bullishness only above 0.7648 level. The minor resistance is around 0.7630

it is good to sell around 0.75830-50 with SL around 0.7630 for the TP of 0.7500
sir you still going to short with this chart ? :)
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out