AUD/USD technical analysis

alextrader79

Well-known member
308 2
The Aussie fell due to the weak data on the consumer price index In Asian trading session. I plan to open transactions towards the current trend. If the price exceeds the 0.7520 level, I will look for an entry point to open short positions. My next target for taking profit is 0.7465.
 

Stormy42

Well-known member
253 3
I look at channel position for all trades. It can be a useful indicator. I only ever use a few tech indicators, RSI, 8, 20 and 50 period MA, momentum important to us day traders!
 

csc2009

Established member
633 17
The pair is consolidating around 0.788 level, risk remains on the upside, 0.79 is a key level break above would lead to further gains.