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AUD/USD: Potential for a high risk-reward trade

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Aussie sees potential for a higher bounce, says Charlie Burton, Founder of EzeeTrader, as he joins today’s Finance Show on Tip TV, to discuss the outlook for AUD/USD using different timeframes. AUD/USD: Monthly chart The monthly chart suggests the cross sees potential for a higher bounce, holding near the uptrend line and also above the declining channel, which offer a combined support, note Burton. He further believes that the pair could provide a good short-term risk-reward trade.

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