IHS & FED rate hike expectations. first target 97.5
possible rate cut
MACD & fast Trix convergence.... VERY Oversold
OS. Convergence, DXY Weakening, China Crisis
Based on the technical picture, we are in the stage of the downward trend from the peak 01.07.2011. Pair is very oversold, but got stuck in a sideways channel 0.7850 - 0.7500 which was traded in different directions and there is a projection of the resistance and support levels of previous years. AUD / USD reached a 5 year lows and possibly draws lower shadow of a...
OVERSOLD. FIRST SIGNALS OF CONVERGENCE SL 0.7476 Target 0.7580