In AUDUSD, we know the price is keeping move higher high that exactly in a strong-buy trend movement.
Here is a reminder:
There is important fundamental news tomorrow that could bring AUDUSD move as peak as it wants or downwards.
You should be aware of the news (Australian Interest Rate Adjustment) announcement.
You should also be aware of the RSI indicator if come to 80 or higher, the overbought signal is more confirmed.
Multiple Exponential Moving Average line always good to use in a strong-trend movement market. EMA 20-50-100 etc.
Here is a reminder:
There is important fundamental news tomorrow that could bring AUDUSD move as peak as it wants or downwards.
You should be aware of the news (Australian Interest Rate Adjustment) announcement.
You should also be aware of the RSI indicator if come to 80 or higher, the overbought signal is more confirmed.
Multiple Exponential Moving Average line always good to use in a strong-trend movement market. EMA 20-50-100 etc.
Note
As mentioned from the previous idea, RSI always indicates whether the price is oversold or overbought, even in a strong trend. Hence, I'm thinking about the sell-side in this pair.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.