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Nima Azadi's  Instablog

Nima Azadi
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Nima Azadi has been engaging in financial markets for over 10 years. His experiences vary from investing and trading in the Tehran Stock Exchange (TSE) and Foreign Exchange Markets to mentoring and consulting on the technical aspects of financial analysis. He is frequently quoted in the Iranian... More
My book:
Duel with the Trend
  • AUD/USD Technical Outlook - 4 0 comments
    Oct 23, 2013 1:56 AM | about stocks: FXA

    In our last analysis of this pair, we predicted a long-term rally into the 1.0227 area.

    Now and looking at the Daily chart, we observe clear signs of exhaustion of the bulls.

    Traders are advised to seek shorting opportunities in lower times frames.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in FXA over the next 72 hours.

    Themes: AUD/USD, Aussie Stocks: FXA
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