The AUD had been in a sideways pattern during June, but this month it looks like it has broken a trend line and likely to become weaker against the USD. The MACD agrees with this scenario and the trade triangle technology is also in agreement. Adam says that the trade triangle technology works very well with the forex market.
To watch the video comparing the AUD with USD, click here
What’s up with the currency from down-under?
by Adam Hewison
We are taking a trip down under today.
It has been sometime since we last looked at the relationship between the US dollar and the Australian dollar (USD/AUD). Today seemed like an opportune time to look at this cross and to figure out where it is headed using our “Trade Triangle” technology.
We’re also using MarketClub’s Fibonacci tool. If you have not seen this tool in action, I strongly recommend that you watch today’s video.
To watch the video comparing the AUD with USD, click here
You can watch this video with my compliments and there is no registration requirements. I would love to get your feedback about this video on our blog.
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