AUDUSD looking more bearish than bullish
Aussie going down in 2018 - Potential interest rate rises in US will depreciate the attractiveness of Aussie this year.
Technically looking more bearish than bullish
Overbought RSI
MA Crossover
Bearish wedge
Technically looking more bearish than bullish
Overbought RSI
MA Crossover
Bearish wedge
Note
Retail sales figure seem stronger than expected.. However, I still do not see Aussie going up much further.. Initial analysis still remains intact. Will follow this one closely and update later.
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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.