What The 200MA Means For The Aussie

The Aussie dollar AUD/USD completed a Head & Shoulders bottom by closing yesterday above 0.909. But the 200MA is currently capping its ascent for the second time, giving it some resistance importance. So a break above the 200MA at 0.91250, would provide a conservative entry. Implied target is 0.950.

aussie

Aussie ETF (FXA) traders have the pattern neckline at $91.20 and the 200MA at $91.80. Implied target of FXA is $95

fxa

Advertisements

3 Comments on “What The 200MA Means For The Aussie”

  1. esvxm says:

    I like your analysis on the Aussie dollar. I have done some long term analysis and in the process of writing an article on it.
    Keep watching the space on http://www.marketchartpattern.com for it. There is also analysis done for the daily timeframe, think you might like it.
    http://marketchartpattern.com/forex/audusd-bounces-back-pattern-formation-technical-analysis-13-march-2014/


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s