Greatest sell-off of Australian Dollar
The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD is at the crossroads
2019-11-11 • Updated
Recommendation:
SELL 0.7825
SL 0.7890
TP1 0.7725 TP2 0.7650
On the daily chart of AUD/USD, there’s a desperate fighting for 0.7410-0.7460. Bulls are trying to return the pair inside the long-term uptrend, while bears want to return it to the medium-term downtrend.
On H1, the “Shark” pattern is transforming into 5-0. Never the less, a break of resistance at 0.7795 will trigger a “Bat” with a target at 88.6%. Powers of bulls and bears near 0.7765-0.7865 are relatively equal. This increases the possibility of consolidation.
Similar
AUD/USD is looking badly
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.
AUD/USD: a positive prospect
AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
Latest news
Is Ford Stock a Good Idea to Trade?
Ford stock probably isn’t the first thing that comes to your mind when you’re looking for trade ideas…
Risk Assets Ahead of Rally: What to Buy?
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
UK: No Longer a Leading Economy
The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?
