Forecast – BEARISH
Date Posted: 8 Jan 2020
Currency Pair: AUDUSD
Current Rating: WEAK SELL
Forecast Move: DOWN
Key Tech Level: 0.6920
Trade Action: SELL RALLY
Stop Loss 0.6925 -25 pips
Take Profit 0.6825 +75 pips
Chart & Forecast Details
The Aussie dollar has already started to slide lower and I really don’t want to miss the next move down so I’m looking to get short on the next rally back towards 0.6912.
Note: the pricing data on MT4 is inaccurate as it’s missing a lot of price action over the XMAS/New Year period so if you’re using Trendline Trader you’ll need to manually adjust the trendline before activating the order. Cross check your trendlines with Metastock to get the accurate level.
Key Trade Day: Friday 10th Jan – Retail Sales
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