Tuesday, August 6, 2013

Currency : AUD/USD

This is a request and I think it's tradable using FXA if you like, whether options or long.

 This is the AUD/USD pair ($AUD long/ $USD short), it's rare to get a signal on a pair past 1 min, but we have a 30 min positive here.

I checked the individual $AUD futures to make sure...

$AUD 30 min is VERY positive, I think this is part of a head fake move.

The $AUD 60 min shows the same strength and the reversal process is about the right size for an initial leg up.

This is a long term 4 hour $AUD chart, under the yellow line is where I think we have a head fake and strong accumulation so the AUD/USD could be bought or...

You might play the move just with the $AUD ETF, FXA long seen here on a 15 min chart and in the area of the head fake as well as a large leading positive divergence.

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