AUDUSD - Daily - It needs to calm down a bit.

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
We are stuck in this channel on the Daily chart , which will be a sweet spot for an entry, once it gets broken.

There isn't a lot of news from Australia this week, so the focus is on the US. We have that Government shutdown nonsense, which I believe ended yesterday. The DXY is quite low and the news keeps talking about, how USD is week and unattractive. I find this to be a Bullish signal, as we all know the saying: "Buy the rumor - Sell the news". In this case, do the opposite, start BUYing USD with a careful SL.

Looking to test the bottom of the channel first and then, depending on the price action, maybe break it to the downside. A test of 0.78975, could potentially be a good level to be reached, as that is last year's October high.

Scrap this whole idea, if we will start seeing strong rejections of the bottom of the channel and a move back to the previous high at around 0.80200-0.80300 .

Keep an eye on the price action!
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out