xChampi0nx
教学

Don't get too bearish on AUDUSD just yet...

OANDA:XCUUSD   铜差价合约(美元/磅)
17 0 6
Hello all
Hope everyone is having a fantastic weekend. I was doing my weekly analysis and was looking at AUDUSD             . This is not a trade setup. Just a correlation study. If you guys see here, i have a chart of copper             up and purple line is audusd             . Copper             is in downtrend from 2013 which ended in 2017 and it's trading above monthly kijun now and currently testing support. It's still below cloud however which can provide resistance again. Noone knows how far it can go. Aussie follows it pretty good. I expect copper             to move higher after consolidation is over. Monthly macd is also crossed up. AUDUSD             is bouncing from weekly support as well. It can still go sideways or make a new low and kill the longs before the rip. I did a post on AUDUSD             few days ago and you can see some good trendlines in play here. Keep an eye on copper             in coming weeks. Copper             and AUDUSD             can provide some clues on metals in general.

Thought to share with you all.

Thank you.
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