AUDUSD Looks toppish- caution both long and shorts
Updated
AUDUSD into a supple zone as marked. We have initiated short and stops as seen above.
Divergence on AUDUSD ( bearish) and on DXY (Bullish) may lead to dollar buying.
Since last couple of months Aussie is following the S&P 500.
IF S&P breaks higher, Aussie may break higher as well. Trade with caution.
Divergence on AUDUSD ( bearish) and on DXY (Bullish) may lead to dollar buying.
Since last couple of months Aussie is following the S&P 500.
IF S&P breaks higher, Aussie may break higher as well. Trade with caution.
Comment
Refer to this screenshot to see the relation between S&P 500 and AUDUSD
Trade active
active at 6850 and second entry at 6890Trade closed: stop reached
Vicious vicious rally in Aussie. This pair is acting like a safe haven. Outlook is now bullish. Will buy the dips. Eventual target above 70 cents upto 72 cents.
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