Aussie: Maintain Short, but beware of correction

٢٩ مايو ٢٠١٦

This week, main focus for AUDUSD are:

- US Payrolls
- Australia GDP
- Aus Retail Sales
- Aus Trade Balances

I maintain bearish bias for Aussie in the context that USDollar begins to regain its strength.

SMA200 sharps a strong resistance at 0.7250

But I see an unusual signal in Stoch Indicator: Lying in oversold zone for three weeks.

Aussie needs to escape the oversold zone to fuel for next move.

A correction should occur then move down again.

0.7250 is a good point to place a SELL Limit position.

--------------
Page: facebook.com/trackingforexsignals
Twitter: twitter.com/SforexSolution
Website: trackingforexsignals.com/
Contact: [e-mail]