The AUD/USD
has dropped for today after the Non-Farm Payrolls report out of the United States along with the unemployment rate came
out better than expected. This has caused the Dollar to strengthen versus most
of the major currencies. At the moment we can see on the 4 hour chart of the
AUD/USD that the price has stayed consolidated below the 200 period Exponential
Moving Average. If we see a pullback to the 200 EMA on the 4 hour chart, we may
get an opportunity to go short from there, because that EMA may start acting as
a resistance.
Very nice tip I'll be watching the 200 EMA on the 4H chart.
ReplyDeleteGood point! I´ll be waiting for a trigger.
ReplyDeletegreat analysis ill be waiting for it to reach ema 200
ReplyDeleteGreat post! Congratulations.
ReplyDeletegood analysis , thanks
ReplyDeletegood analysis
ReplyDeletethank you for your post very good
ReplyDelete