The AUDUSD has solidly bounced off of downchannel support on the daily chart, after having formed a Doji Thursday, and traded within an ever tighter range Friday. The Asian session today (Monday) opened with a gap higher, as daily RSI, Stochastics and MACD are now all rallying off of oversold levels. Those going long at current levels should keep in mind that the AUDUSD is still within the downchannel.
For my multiple timeframe analysis on AUDUSD, feel free to visit: tradablepatterns.com/tag/audusd/
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For my multiple timeframe analysis on AUDUSD, feel free to visit: tradablepatterns.com/tag/audusd/
Website: tradablepatterns.com
FB: facebook.com/tradablepatterns
Stocktwits: stocktwits.com/TradablePatterns
Twitter: twitter.com/chu_darren
Linkedin: linkedin.com/in/darrenchu
YouTube: youtube.com/channel/UCCI1YG-qzDMWg6hzYd8D8kw
Google+: google.com/+Tradablepatternscom
Email: info@tradablepatterns.com
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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.
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.