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AUD/USD Sliding On False Breakout Or Upwards To 1.1200

September 14, 2012 · 1 comment

in AUD/USD Forecast

Trade Setups / Chart in Focus:

AUDUSD

The AUD/USD responded to QE3 with a huge 150 pips pop but as been today has been unable to hold those gains giving back 70 pips so far.

AUD/USD Outlook

The Fed’s move was massive and will devalue the greenback causing commodity prices to skyrocket. Most likely gold will see new high’s and this directly benefits the Aussie dollar. Expect to see further stimulus out of China too in the coming months. Long term it looks as if aud/usd is closer to 1.1200 then parity.

Let’s take a look at the charts.

AUD/USD Analysis

Weekly chart declining..

AUD/USD Weekly Chart

4 hour chart turning..

AUD/USD Daily Time Frame

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