The Aussie is showing another weakness, again in a price range around 1.0500. It seems like Bears are going to push it down.
The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
MACD histogram is below the zero line.
The oscillator Force Index crossed the zero line down.
In case of break through of the support level the following recommendations are:The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
MACD histogram is below the zero line.
The oscillator Force Index crossed the zero line down.
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position 1,0497
- Take Profit Level: 1,0342
- Stop Loss Level: 1,0539
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Short Position 1,0565
- Take Profit Level: 1,0718
- Stop Loss Level: 1,0500