Weekly Trade Setups: AUDUSD, OIL, GOLD and S&P500 Index

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Weekly Trade Setups: AUDUSD, OIL, GOLD and S&P500 Index

Postby kreslik.news » Mon May 23, 2016 9:15 am


AUD/USD – aussie/dollar continues to lose ground



The AUD/USD has been in a sustained downtrend for several weeks now and we remain aggressively bearish (looking to sell) as we have been for three weeks now. Our focus this week in the AUD/USD is on looking to trade price action sell signals on the 1hr, 4hr or daily chart time frame on any price strength (upward movement). While price is contained under 0.7360 to the 0.7380 area, we feel that this market is highly likely to move lower. Of immediate interest this week is that we see 0.7250 acting as a ... (read more)

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