#AUDUSD, Interesting opportunity on daily graph
There is a significant downward trend, which is why the signal is relatively high risk 3/5
You can see in the graph above that whenever the price touches the 200 moving average line (the yellow line) there is a downward acceleration, the Australian dollar will look to get there again.
The Stochastic confirms our thinking with its arrival at the lower level (20).
Target: 0.6950
You can see in the graph above that whenever the price touches the 200 moving average line (the yellow line) there is a downward acceleration, the Australian dollar will look to get there again.
The Stochastic confirms our thinking with its arrival at the lower level (20).
Target: 0.6950