Forex Strategy: AUD/USD Aiming Below 0.88?

DailyFX

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • AUD/USD Technical Strategy: Waiting to sell as near-term setup hints at bounce
  • Prices turned lower as expected after putting in a Three Inside Down candle pattern
  • A close below 0.8890 (50% Fib exp.) has exposed 0.8751 (channel bottom)

Confirm your chart-based trade setups with the Technical Analyzer.

View photo

.
Forex_Strategy_AUDUSD_Aiming_Below_0.88_body_Picture_5.png, Forex Strategy: AUD/USD Aiming Below 0.88?

Weekly Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)