Ausie was hit by a huge slap, as the commodities prices felt like a stone it was reflecting on AUDUSD. Since July market is puking ausie, we are dealing on the bottom of the cloud on weekly chart. But it s an area where there is a lot of support.
On the weekly chart, the 2 sen crossed, span crossed and his working under the rates but above the cloud.
EMA 50 broke while MACD and RSI too.
On daily everything on ichimoku is showing bearish trend, RSI is oversold, MACD is under 0 but seems to be stable now.
There is a huge long term support line which started in Nov 2005 which is not so far from where we are at the present time, support could be seen arround 0.8230.
We are waiting for a bounce arround here or 0.8230
In the uptrend
Be long @0.9088 SL 0.8834
Be short @0.8834 SL 0.9088
In the downtrend
Be long @ .8326 SL 0.8072
Be short @0.8072 SL 0.8326
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