AUDUSD can go more down, as a H&S is developing. The MACD is already showing an imminent cross. The TEMA is providing a good resistance, along with the crucial resistance at 38.2%. This will be a good selloff, but do wait for the important US Manufacturing News today.
Best of luck!
Riz.
Best of luck!
Riz.
Note
Nice Rate Statement gave the pair a huge pullback. Heading down soon!Note
This is as far as AUD longs can go:
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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.