Add to favourites
News Local and Global in your language
18th of November 2018

Forex



AUDUSD Buyers Attempt Reversal Above 0.7160 @ Forex Factory

From dailypriceaction.com

The AUDUSD seems to be getting its cues from GBPUSD. Last Friday, the Australian dollar closed below a confluence of support at 0.7160. I mentioned this breakdown over the weekend. However, I gave a warning about Friday’s move. Here’s what I wrote on Sunday: Just know that Friday’s breakdown could be a bear trap, so reducing your position size may not be a bad idea. And if the AUDUSD closes the day (using a New York close chart) back above 0.7160, it would negate the bearish outlook for the time being. If you’ve followed me for a few weeks, this may feel familiar. The GBPUSD did the same thing in mid-August. The pair broke below descending ... (full story)

Read More




Leave A Comment

More News

FF All News

DailyFX - Forex Market News

"Live Forex News" RSS feed

RSS Feed

FF News: Forex Industry News

News - FX Week

Disclaimer and Notice:WorldProNews.com is not the owner of these news or any information published on this site.