AUD,NZD/FXWW News/Technical Analysis/Trade Ideas

AUD/USD: Initial resistance at .9325/30

The AUD/USD fell by 300 pips in the 4-hour period immediately after the FOMC and you can make up your own mind on whether this was warranted or not. I am still very strongly of the view that AUD/USD will form a major base somewhere around .9200/50 and I’m positioned accordingly. Initial resistance starts at the prior lows near .9325 and above there is the 38.2% retracement of last night’s collapse which comes in at .9375.

  1. Hi Sean
    buying at 0.9250, just consider for TA, the RSI show the higher low, MACD divergence, seen
    like worth to trade it, and the volume show that the fall didn’t much to follow, but just wonder that the target will set at 0.96 or it will climb back to 0.98? any thought?
    thanks

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