![Aussie Selloff Ahead?](/storage/article/31373/preview/bU8y3Nv4xYZtACl5_2560x600_q70.jpg)
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
2019-11-11 • Updated
AUD/USD continues to fall inside the minor (c)-wave of the ABC correction (ii) – which started earlier from the powerful resistance area lying between the resistance 0.8060 and the upper daily Bollinger Band. The last downward reversal from this resistance area created the third consecutive Japanese candlesticks reversal pattern Shooting Star (as can be seen below). AUD/USD is expected to fall further to the next sell target at the next support level 0.7870 (low of the previous minor correction (b)).
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
Will the weakness of the USD let the AUD take advantage of it?
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!