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AUDUSD 0.7340 still possible

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The AUDUSD hasn’t moved much thanks to Thanksgiving day – USD holiday but as I stated in the EURAUD analysis , EUR is weak, AUD is stronger and EURAUD got rejected from POC. AUDUSD still has the chance to reach 0.7340. Technically the pair rallied more than 250 pips after Adam and Adam rejection which was followed by Inverted head and Shoulders pattern variant. I have been warning that AUDUSD is buy on rallies and there is still a possibility that the pair will reach 0.7340 short term. Next

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