How did AUD/USD fare during yesterday’s risk rallies? Check out this chart!
AUDCAD is currently within a rising channel. It is now holding at point 4. As long as point 4 holds, look to go long.
Long above 1.0200
Stop loss below 1.0170
1st target profit 1.0260
2nd target profit 1.0300
Hope somebody here caught this sweet move on AUD/USD yesterday! Can you guess which major level stemmed the Aussie’s fall?
hi…i am a newbie…i’ve attached the weekly chart…i see a break in the triangle towards the downside…so expect aussie to go down a bit more…i know i cannot use this analysis stand-alone but would it be right to use the break in the triange as part of analysis.
appreciate your help.
pooja
Nice analysis, pooja! Keep an eye out on your other indicators in the chart. And if you missed the break, you can also short at a retest of your trend line.
Let me know how I can help!
Big P.
thks heaps for the response and help…
Just when risk appetite was gaining steam, one news event popped up and rained on the Aussie bulls’ parade! Here’s the chart:
Am I the only one who’s seeing a double top on AUD/USD’s chart last Friday? Holler if you can see it too!
Hey Pippin
I spotted that, and will take the ride down to about 1.0160. It allready bounced of the 200MA on Thursday, and i think it will test the support at 0160. I also trade the EurAud as a very steady pair, you ever look at it? Clocked a very nice 60 pips on it on Friday.
