Why AUD/USD seems to be bullish:
- AUD/USD has stayed above 20-monthly moving average 4 months first time since 2012.
- Since 2016 it has been trending higher making higher lows. It's currently sitting on 20-weekly moving average.
- 200-daily moving average has turned upwards
- Commodities pressure is easing
- DXY standing at 2 st dev's above it's historical trend (pbs.twimg.com/media/CviRbdsXYAEtScf.jpg)
- DXY signaled RSI double top
- Monthly MACD has bullish divergence
Try to buy it nearby the 200-daily moving average.
- AUD/USD has stayed above 20-monthly moving average 4 months first time since 2012.
- Since 2016 it has been trending higher making higher lows. It's currently sitting on 20-weekly moving average.
- 200-daily moving average has turned upwards
- Commodities pressure is easing
- DXY standing at 2 st dev's above it's historical trend (pbs.twimg.com/media/CviRbdsXYAEtScf.jpg)
- DXY signaled RSI double top
- Monthly MACD has bullish divergence
Try to buy it nearby the 200-daily moving average.
Trade closed manually
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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.
Related publications
Disclaimer
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.