SaxoTV

Coleman: Why I'm selling AUDUSD

550 views
May 26, 2015 aud, aud usd, audusd, aussie, aussie dollar, aussie dollar weakness, australia, australian dollar, australian economy, chart, content, currencies, currency, first 4 trading, first for trading, forex, forex charg, forex charting, fx, fx charts, glen stevens, head and shoulders, head and shoulders pattern, ian coleman, news, options, pia first, rba, saxo, saxo bank, saxo tv, selling, selling aud, selling the auusie, tf, trading, trading currency, tradingfloor, tradingfloor.com, tv, tv news, usdaud, video, video content, weak aussie
Is today the day to sell AUDUSD? Ian Coleman form Frist4Trading thinks so. The Aussie has been subjected to fairly heavy selling pressure over the past few days and Ian thinks that's going to continue.
AUDISD broke the sequence of three positive performances last week. The weekly trend line support comes in at 0.7765, which could be the right shoulder of a bullish reverse Head and Shoulders pattern, and that's the main focus for this Tuesday.