The Aussie held weaker but recovered some ground on Wednesday as the trade balance widened, but building showed a bright spot.
AUD/USD changed hands at 0.7020, down 0.28%
Aussie recovers a bit but holds weaker on wider trade gap
This pair already moves below the daily pivot which gives indication for further down.
Moving average gives the sell indication
Our most likely scenario:- Short below 0.7058 with target 0.6980 to complete 61.8 Fibonacci retracement.
Alternative:- Long above @0.7058 with target 0.7202 for further extension.
Trend Bias:- Bearish
Candlestick Pattern:- Morning Star gives indication.
*Remember your capital at risk
To receive daily technical analysis report with complete details directly via email please register on www.ezinvest.com
Candlestick Pattern:- Morning Star gives indication.
*Remember your capital at risk
To receive daily technical analysis report with complete details directly via email please register on www.ezinvest.com
ليست هناك تعليقات:
إرسال تعليق