Positioning Bias:
AUD/USD is facing strong resistance around 0.8195 and any short term trend reversal can happen only above that level.
On the up side break above will target 0.8275/0.83745 (Dec 10th high).
The pair’s minor support is around 0.8030 and any indicative break below will target 0.800/0.7945 in short term.
Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Buy
Ichimoku- Neutral
Recommendation: Sell AUD/USD around 0.813, SL 0.8195, Target 0.7948.
AUD/USD is facing strong resistance around 0.8195 and any short term trend reversal can happen only above that level.
On the up side break above will target 0.8275/0.83745 (Dec 10th high).
The pair’s minor support is around 0.8030 and any indicative break below will target 0.800/0.7945 in short term.
Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Buy
Ichimoku- Neutral
Recommendation: Sell AUD/USD around 0.813, SL 0.8195, Target 0.7948.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.