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Forex Strategy: AUD/USD Turns Lower as Expected

By , Currency Strategist
22 November 2013 13:26 GMT

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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.)

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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

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22 November 2013 13:26 GMT