The AUD/USD
remains very weak, but it has currently reached the 200 period exponential
moving average zone on the monthly chart, around the 0.8400 area. This visit to
the 200 EMA on the monthly chart is very important and the pair my try to
bounce to the upside or at least try to stall here. However, if the
fundamentals from Australia keep showing weakness on the Australian economy and
Friday’s Non-Farm Payrolls report out of the US comes out better than expected,
then we could see a breakdown of this support.
You're making a good point, I'll keep it in mind.
ReplyDeleteI like the profit loss ratio. It´s a winning trade!
ReplyDeletegreat analysis
ReplyDeleteGood point! I'll keep an eye on it.
ReplyDeleteWell spotted! I'll keep it in mind.
ReplyDeleteGood point.
ReplyDeleteVery nice article. Thank you.
ReplyDelete