AUDUSD 60mins outlook 5/9/16f - SHORT
Price is currently in a downward channel close to the upper limit.
Price may retest the 200 period moving average(red) again before pushing it on a downward move.
A good conformation for short if price breaks below 34 period moving average(blue).
MACD currently hovering above 0 but crossover of both signal and MACD line support the idea of a downward move.
Price may retest the 200 period moving average(red) again before pushing it on a downward move.
A good conformation for short if price breaks below 34 period moving average(blue).
MACD currently hovering above 0 but crossover of both signal and MACD line support the idea of a downward move.