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AUDUSD Forecast And Technical Overview

AUDUSD Forecast And Technical Overview

AUDUSD is trading at 0.79340.

The price is above the SMA 100 Daily Chart.

As seen on the H4 Chart, it tested 0.70500 but rejected. Now we have a double top.

The US Retail Sales data will be released… if data comes worse than expected, the price may break above 0.70500 and may fill the Bearish White Swan Pattern at 0.70720.

0.70950 is SMA 200 Daily resistance.

If the price breaks above 0.70500, Bearish White Swan can be used as a selling opportunity.

I sold at 0.70400 and will wait for U.S Retails sales.

I plan to add short if the price breaks above 0.70500 as described above.

I will update and post the details of the Swan Pattern.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

AUDUSD Forecast:ınformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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Ercu Kartas

Treasury Department Dealer Technical Analyst FX Trader

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