AUD/USD technical analysis

alextrader79

Well-known member
308 2
#47
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
#50
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
#51
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.
 
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