ronfinberg

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Markets Allocation
100 % forex
Top Mentioned Symbols
AUDUSD 66% | 2 EURGBP 33% | 1
ronfinberg ronfinberg PRO AUDUSD, 30, Long ,
AUDUSD: Further AUDUSD Upside as Base Forms
173 0 0
AUDUSD, 30 Long
Further AUDUSD Upside as Base Forms

The AUDUSD looks well placed to keep rolling higher today. Although it hit overbought levels on the RSI, it has formed a support base at 1.0360 indicating that demand has stepped up and yesterday's move wasn't just a short breakout after 1.0285 resistance was cleared. Also, the trade could see extra short term buying if and when it takes out 1.0400 and triggers ...

ronfinberg ronfinberg PRO AUDUSD, 240, Short ,
AUDUSD: Short Aussie On Fall Below Resistance
728 0 0
AUDUSD, 240 Short
Short Aussie On Fall Below Resistance

Although the AUDUSD has traded above its 1.0280 resistance of the last two weeks (Blue Line) the pair remains an under performer in the current risk rally (see EURUSD vs AUDUSD gains). As such, it looks more like sellers are just backing off than buyers returning to the AUDUSD. Therefore, would go short if rally subsides and trades back below its previous ...

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