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AUDUSD Weakens On Further Pullback Threats, page-2

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andy909

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14/02/19

21:06

Post #: 37442175
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Originally posted by FXTechstrategy ↑

AUDUSD Weakens On Further Pullback Threats. AUDUSD weakens on further pullback threats as it saw price extension during early trading on Tuesday. On the upside, resistance stands at the 1.7200 level. A cut through here will turn attention to the 0.7250 level and then the 0.7300 level. A violation will set the stage for a retarget of the 0.7350 level. Support resides at the 0.7100 level where a breach will aim at the 0.7050 level. Below here will set the stage for a run at the 0.7000 level with a cut through here targeting further downside pressure towards the 0.6950 level. On the whole, AUDUSD faces further downside threats.

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with the forecast of further weakening of aussie dollar and forecast of below.60 against USD, what is the best way to invest. I don't want to directly invest in fb but want to invest through etf or US market so that I get return on currency ad well as US market?

Price at posting: 1.4078 Sentiment: None Disclosure: Not Held
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