AUDUSD technical analysis
AUDUSD: nearing to what looks like a good place to sell at .8055/75 The 200hma (.8055) was formidable support on 4 occasions. That means the sellers of the recent break will want to fight tooth and nail to keep it lower from this point. A bit of risk off with CHF and JPY getting lifted may being effecting the move but nothing to note. Gold is above 1345 but it’s been a strange day to seek correlations. So don’t.
AUDUSD
Swapped the TV screens for the trading screens.
Philosophy: "Define your risk, only then can you ignore it"
Read how Patrick got into trading here
Philosophy: "Define your risk, only then can you ignore it"
Read how Patrick got into trading here
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Asia highs were .8045 and as expected sellers stepped in – albeit before the level. .80 big fig now a good psychological level to crack. It is also near the 100bar moving average on 4 hour chart.