Long Aussie6A (AD) Aussie is getting stronger. 20MA crossed the 50MA. Recently pulled back to the 20MA. The trend up could resume soon. Buy at trend-line breakout targeting 0.94 in one month time.
M6A1! trade ideas
AUSSIE LONGAussie has bottomed. The monthly chart is showing that we have reached a support inside a long term channel . The daily chart again has multiple supports in action here. A bounce to 0.90 level is in the cards at this point.
Aussie monthly chart The Aussie is setting up for a buy. Monthly chart showing an interesting support level.
AUDNZDRunning out of steam to the downside. has been following the 2003 A6/N6 spread very well, weekly RSI oversold turning back up. A lower low would be tremendously bullish
Will the "Aussie" follow the Yen !! I don 't trade Forex, but a friend of mine showed me this chart here of the Aussie dollar futures vs Japanese Yen Futures. The correlation is pretty good . My question for the Forex traders here, do you expect the Aussie to follow the Yen ? By just looking at the chart, I'm tempted to go short. ( Aussie in Blue )
Algo
AUSSIE LONG DAY TRADEAussie reached support. Today price action is showing that the bulls are in control. Trend line and gann fan line are giving support. I would do a day trade and close at the 20MA. Reward/Risk is not the best but it is a high probability trade!
