Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

Forex Strategy: AUD/USD Turns Lower as Expected

By , Currency Strategist
22 November 2013 13:26 GMT

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • AUD/USD Technical Strategy: Pending short, waiting for attractive risk/reward
  • Prices turned lower as expected after putting in a Three Inside Down candle pattern
  • A close below 0.9348 (23.6% Fib exp.) initially exposes 0.9094 (38.2% Fib exp.)

Confirm your chart-based trade setups with the Technical Analyzer.

Forex_Strategy_AUDUSD_Turns_Lower_as_Expected_body_Picture_5.png, Forex Strategy: AUD/USD Turns Lower as Expected

Weekly Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

For live market updates, visit the Real Time News Feed

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

22 November 2013 13:26 GMT