Hi traders! AUDUSD - Daily close yesterday was a red doji and shows rejection at the 15ema. Stochastic also pointing lower. I am bearish on this pair especially that it has gone below 0.90. The chart structure seems to show more bearish moves in the days ahead. ~ Ardy
Good day traders! The beautiful chart here shows us that AUD/USD on the daily time frame is in a sideways channel, tilting a little to the downside. We see the pair bouncing off 1.015 and now testing the 1.04 level. A break of that resistance will provide the pair with more momentum to reach the
Good day traders! Trade update:Aussie dollar trade closed with a 97 pips gain. It was a trade driven by fundamentals. With quantitative easing by the Feds of 600 Billion and also with the recent increase of Aussie's interest rates by 25 basis points by the Reserve Bank of Australia (RBA), the trade got its fuel
Good day traders! Took an Aussie dollar trade with a buy order at 0.99 and limit at 0.997. Trade closed with a 70 pips gain as the limit was hit. aussie dollar trade I took the trade based on fundamentals and technical analysis. On the fundamental side, China released some positive figures yesterday
Good day Forex Traders. Lets look at the chart below. AUD/USD Technical Analysis I am looking at the AUD/USD. It has had a nice bullish trend since the 25th August. It has even broke the resistance at 0.9203. Right now, the move seems a little bit overextended and due for a correction. I
