Aussie Selloff Ahead?
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
AUD/USD falling inside minor corrective wave 2
2019-11-11 • Updated
- AUD/USD falling inside minor corrective wave 2
- Next sell target - 0.7880
AUD/USD continues to fall inside the sharp minor corrective wave 2, which started previously from the combined resistance area lying between the major resistance level 0.8100 (which also stopped the sharp impulse wave (A) in September, as can be seen below) and the upper daily Bollinger Band. AUD/USD is expected to fall further toward the next sell target at the next support level 0.7880 (former resistance level from January).
Similar
USD: a sudden plunge for a quick pick-up!
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
AUD/USD: to the six-year highs?
Will the weakness of the USD let the AUD take advantage of it?
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
