AUD/USD - page 2
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I think it's about to keep consolidating.
Well, the asset moves as I’ve predicted. I think that I can earn even more on AUD/USD! Definitely, the show must go on =)
Staying out for now.
I can see two scenarios here – the basic 1 and alternative 2.
I think that the price will pass 0.74237 level. After that, the price will go to the level of 0.75253 or further.
The price went not as I expected, but nothing bad happened because the stop order had been triggered. This transaction didn’t harm me much.
AUD/USD forecast for the week of May 16, 2016
The AUD/USD pair broke down below the 0.73 level during the course of this week, but as you can see there’s a lot of noise just below so it’s going to be difficult to short the Australian dollar even though we do believe that the market is going to fall. On the other hand, if we can break back above the top of the range for the week, we would start buying the Australian dollar yet again. At this point in time, longer-term trades are all but impossible in our estimation.
I can see an excellent entrance to the AUD/USD market after passing the 0.731149 level. The price will go up.