Wednesday 18 February 2015




I rarely pay attention to the AUD/USD chart but I shoukd definitely do it more often. I just took a look at it and I noticed that the pair has formed two lovely doji candlesticks in the weekly filter chart, which is a good signal that it is about to begin a correction. It really is a high time for one, I think, considering that the pair is quite oversold. Short-term target is around 0.7880, but I think that we might see it reach 0.8000 in the foreseeable future. I think I might actually open some long positions and keep them open for as long as possible.
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7 comments:

  1. bewayopa18 February 2015 at 15:07

    Interesting pair to pay attention

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  2. Unknown18 February 2015 at 18:22

    Downtrend still in place

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  3. Anonymous19 February 2015 at 02:13

    The downtrend looks intact.

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  4. Unknown19 February 2015 at 06:59

    I guess it shall go down until 0.727.

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  5. Unknown19 February 2015 at 17:10

    I think I would pay more attention to this pair too.

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  6. Unknown21 February 2015 at 05:45

    Thanks for that

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  7. Unknown21 February 2015 at 09:45

    some pairs are neglected by most of the traders. I think we should start looking at them.

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