Forex Trading: AUD/USD shows good trend

Forex Trading:

The Australian dollar has been a powerhouse. And no wonder, they are very resource rich country. It appears that currently the AUD/USD is doing a retest of .7900 level .
Near term chart looks quite attractive to me. Up sloping arc trendline showing demand and possible cup and handle?

For now must still consider this strictly a retest of .7900 and make no assumptions. However if arc trendline support holds, then possibility exists of breakout of .7900 level.

the chart is shown below:

forex trading

tc

Posted in Online Trading
Tags:
One comment on “Forex Trading: AUD/USD shows good trend
  1. Fapturbo says:

    I’ve worked with various fx trading bots and understood that the most effective method to make money is always to make trades your self. Needless to say this involves major time as well as hard work, on the other hand it more than worth it. Individually, I go for daytrading tactic with stop loss. From my experience, it’s extremely successful.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

s2Member®