AUDUSD Forecast and Trade Setup for the week ending 22nd August, 2014
AUDUSD Forecast and Trade Setup for the week ending 22nd August, 2014
Weekly Chart
- Continued to see weakness in RSI and Stochastics
Daily Chart
- Positive Divergence to the RSI
- MACD is showing weakness
Hourly Chart
- Rising RSI, however is diverging
Outlook Trade opportunity
If today closes above 0.93350, possible run up to test close to the 0.94s before looking for short opportunity at the Cypher completion
Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
