AUD unknown

rate decision tues, page-35

  1. 642 Posts.
    hi, just with the aud/usd trade at the moment i notice the 4 hour chart with the stochastic can be helpful in picking falls and moves up. I made a mistake recently going short around 83 and watching it move higher to 84.50 when the 1 hour chart was showing overbought. After looking at the 4 hour chart it showed there was room to move further up. At the moment the stochastic on the 4 hour chart is turning down so could suggest a drop sometime today from this level but might also try to get back to 83.60 before the fall with the 30 minute stochastic moving up at the moment. The daily and weekly charts are both moving down at the moment too.
 
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