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AUDUSD 60 Minute Chart Analysis
Tuesday, March 10, 2015 20:17
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AUDUSD- This is the 1 hour chart. Traders this pair continues to be very bearish on both the daily and this chart and we just need to stay with the trend. On the daily chart it approaching support again however the current candle looks strong and like to break this. Today we have to say this chart does not look pretty and I have placed a Fibonacci tool on the chart as we need some kind of a retrace. Than I will look to sell this. We had data release already Home Sales -3.5 very bad number and reacted with a 30 pip selloff. To be honest I think I will wait before I enter this till it clears all this confusion where we can enter safely.
Source: http://www.fxinstructor.com/blog/audusd-60-minute-chart-analysis-2
