FXA Australian Dollar Index Trade Idea to $75FXA (Australian Dollar Index) appears undervalued and due for a rise towards $75. A pair idea is AUDUSD buy.
FXA trade ideas
Australian dollar change of trend?Made a double bottom on the daily and shot up breaking the channel.
Rob Smith - smithintheblack - Quant Edge learning11/26/17 – Bias: Neutral. Outside bullish month and week up.
Momentum inside hammer in August.
Inside week 9/11/17. Tried to go higher in
September, long upper shadow. Rev Strat
Weekly Down Under 79.68. We will see what
December brings. 4 consecutive bearish months.
Has not made a lower low since 01/01/16 at 68.33.
Rob Smith - smithintheblack - Quant Edge learning11/26/17 – Outside bullish month and week up.
Momentum inside hammer in August.
Inside week 9/11/17. Tried to go higher in
September, long upper shadow. Rev Strat
Weekly Down Under 79.68. We will see what
December brings. 4 consecutive bearish months.
Has not made a lower low since 01/01/16 at 68.33.
