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AUD / USD: Opportunities to Sell

AUD / USD: Daily chart – choppy

Price on daily horizontal and weekly diagonal resistance

Price Action: Dodge and false breakout of horizontal resistance – probably drop

indicators:

50 / 200MA: 50 indicates the intersection 200 – if 50 passes 200 is a negative signal

DEM: bit over then 0.7 – possible downgrade

CCI (50) below 0 – a negative signal

SL: 0,75401

Sentiment: Today we expect an increase of interest rates in US. If the Fed raise interest rates this should support the dollar and to have a negative impact on risk appetite.

Alternative scenario: If the price crosses over 200MA is possible to see a new bullish momentum.

Jr_Trader_I_Ivanov


 Varchev Traders


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