on Sunday: Just know that Fridays breakdown could be a bear trap, so reducing your position size may not be a bad idea. ( full story ). From m, the, audusd seems to be getting its cues from gbpusd. Last Friday, the Australian dollar closed below a confluence of support.7160.
If youve followed me for a few weeks, this may feel familiar. I mentioned this breakdown over the weekend. And if the, audusd closes the day (using a New York close chart) back above.7160, it would negate the bearish outlook for the time being.
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Fundamentals not supporting the Aussie in the short term and a rate hike probability is diminishing. Aussie is a high-yeild currency and could lose investor appeal very very quickly. Audusd seems to be getting its cues from gbpusd. Last Friday, the Australian dollar closed below a confluence of support.7160. I mentioned this breakdown over the weekend. However, I gave a warning about Fridays move. Heres what I wrote on Sunday: Just know that Fridays breakdown. Factory nvr really post on any thread before but just wanna audusd some thoughts. I am seeing that it may go down to maybe. Factory click to enlarge Factor" Dec 20, 9: Trading for a Living. Professional forex traders and market makers use pivot points to identify potential factory and resistance forex. The One, forex Factory, thread, audusd 5m Chart training Simply put, a pivot point and its.