Let’s cover all you need to know to start trading the AUD USD currency pair right now.
Because every second matters, get the currency live charts and forex day trading tips so that you can monitor your trade openings, closing goals and open up yourself for several forex trading currencies to maximize your profits. Forex analysis is used by retail forex day traders to determine buy or sell decisions on currency pairs. It can be technical in nature, using resources such as charting tools. It can also be fundamental in nature, using economic indicators or news-based events. For the signals of today, we are using indicators like RSI and CMO.
AUD USD Forex trading tips and charts
Monthly shows this pair with three targets. The first target is at 0.68893 – 90 pips below the current position, the second target is at 0.66169 – 365 pips below the current position and 0.63419 – 627 pips below the current position. The rsi and cmo are just below the sell zone. Once the rsi and cmo are in the sell zone a sell trade should be placed on this time frame.
Weekly shows this pair has three targets. The first target is at 0.69101 – 61 pips below the current target; the second position is at 0.66223 – 352 pips below the current position; the third target is at 0.63509 – 631 pips below the current position. The rsi and cmo are in the middle and appear to be headed to the buy zone.
Daily shows this pair with three targets at 0.69345 – 43 pips below the current target; 0.68964 – 83 pips below the current position; 0.67487 – 228 pips below the current target. The rsi and cmo are just below the sell zone and should move this pair down to the first target.
AUD USD in the news
AUD USD now using 6885/95 as strong support to top exactly at the next target of 6950/60 according to FX Street.
Aussie dollar traders started to buy hand over fist on Monday as the Chinese government stoke the fires of the bullish run in Chinese equities.FX Empire writes that Australian Dollar Rallies to Kickoff Week
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