AUD daily chart seems bearish
tradingview.com/x/O7VlhSrN/
Short at 0.7510
target 0.7390
stop 0.7570
The AUD begun a uptrend since June, because of the hawish tone of RBA,the reduced space of another rate cut;and it continued to go up by 2 months, until 8-11,found a strong resistance,which is the downtrend line from 5,11 last year,and it's not easy to break.
After Yellen's speech,we can find the AUD break daily support aroud 0.7560-70, and confirmed that by another down candle.It will not change the direction until the FED becomes dovish.MAYBE it will continue to go down,find a support at 0.7380-90,which is the crossover of the daily chart uptrend line and 200MA, and if it were like this, the time seems to be mid-September,at that moment the FED will give market the answer,whether to hike or not.
Short at 0.7510
target 0.7390
stop 0.7570
The AUD begun a uptrend since June, because of the hawish tone of RBA,the reduced space of another rate cut;and it continued to go up by 2 months, until 8-11,found a strong resistance,which is the downtrend line from 5,11 last year,and it's not easy to break.
After Yellen's speech,we can find the AUD break daily support aroud 0.7560-70, and confirmed that by another down candle.It will not change the direction until the FED becomes dovish.MAYBE it will continue to go down,find a support at 0.7380-90,which is the crossover of the daily chart uptrend line and 200MA, and if it were like this, the time seems to be mid-September,at that moment the FED will give market the answer,whether to hike or not.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.