AUD/USD Heading Lower After Breakout

AUD/USD Heading Lower

AUD/USD is heading lower after finding support on the 200 daily EMA nearly at 0.7530 for consecutive 3 days after the breakout from the triangle made by  the 6-month resistance trendline from the recent high in April,2016 and the nearly 10-month trendline from the bottom in January,2016.

Share This!

Post Author: Thilan Perera

Thilan Perera is a trader and a freelancer market analyst. He has been trading currencies, Commodities, Indices and stocks since 2012. His market analysis is based on Fibonnacci, trend lines, Elliott waves, MA analysis, Candlestick analysis, Chart Pattern analysis and momentum analysis along with fundamental analysis in which financial news is involved.

5 thoughts on “AUD/USD Heading Lower After Breakout

    Joan

    (December 26, 2016 - 8:24 pm)

    This introduces a pleasingly rational point of view.

    Lonnie Bolins

    (February 27, 2017 - 4:42 pm)

    “Great Blogpost! Way cool! Some extremely valid points! I _appreciate you writing this post and also the rest of the website is also very good.”

    95Dustin

    (March 6, 2017 - 11:57 pm)

    I must say you have very interesting articles here. Your page should
    go viral. You need initial boost only. How to get it? Search for: Etorofer’s strategies

    Rodolfo Fairy

    (June 29, 2017 - 12:11 am)

    In reality, they were so committed to twerking they would go to the Supreme Court to defend their very first amendment appropriate to throw the d.|Right after the New Directions watch Blaine’s scandalous twerking video,

    cours de theatre paris

    (July 20, 2017 - 5:52 am)

    Major thanks for the article.Thanks Again. Will read on…

Leave a Reply

Your email address will not be published.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