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asferruzzi

AUDUSD reversal to the downside

Penjualan
Dollar Australia / Dollar AS (FX:AUDUSD)  
asferruzzi Diupdate   
FX:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis
9
0
trendanalysis
Strong uptrend over the previous 4 trading days. Volume recently stagnating indicating buyers may be losing momentum. Price is at a previous significant resistance area. A double top chart pattern has formed on the 2 hour chart time frame indicating the buyers may be losing momentum. I am biased towards a down move.
Trading ditutup: stop tercapai:
The RBA announcement today sent the price upwards to the stop. I didn't think the announcement today would be significant as the interest rate decision is earlier in the month.
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