AUDUSD Medium Term Short
AUDUSD may be starting a medium term short phase with the dollar strength index ( DXY ) being oversold on the 4 hour chart. We are seeing a synced trend here with the FX majors. Technically the 4 hour RSI has been overbought recently. Momentum oscillators are showing bearish momentum here for a short trade.
Trade closed: target reached
closed
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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.