Ardy

AUDUSD - Chart Analysis on Daily TF

FX:AUDUSD   Australiensisk dollar/USA-dollar
0
Pair sideways and going along between 0.91 and 0.93. 92.57, the 23.6 Fib level can be expected to be protected by the bears as above that we might see the pair at 0.95.

Stochastics is in the overbought level and there is risk for the bulls here. RSI is trending up but is seen at near its upper trend line level. This can be an indication that the pair might go lower still.

Overall, I am still bearish on this pair but I haven't discount the possibility of further upward retracements.

Founder of www.ProTradersNetwork.com, home of the TMG Titan traders who uses TMG Titans Pro Tools developed by Ardy.

TMG Pro Tools (MT4) includes: TMG Grid Master Pro, Titan Ranger, Grid Calculator, Titan Timer and TMG Livewire Pro
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