MikeyCoyne

AUDUSD 0.7890 LEVEL SHORT IDEA

FX:AUDUSD   Australischer Dollar/U.S. Dollar
Just a little AUDUSD analysis, As you probably know if you have been following this pair recently it has been In a very strong bull run. I personally have been using a new moving average strategy to profit from this pair and NZDUSD. But I now feel AUDUSD has to make a significant pullback. I personally will only be entering short if certain criteria are met. So I am currently sitting on my hands with this one, One to note is that it is a Friday and some of the bulls may be taking profit causing some bearish strength along with any sell positions entered. Where I have marked Minor indecision level is a level that has to be broken before I sell other wise this and the blue ema could act as a support and double confluence for this pair to continue on wards I its bullish rally.
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