Forex AUD/USD Daily Video, May 16, 2019

Sive Morten

Special Consultant to the FPA
Messages
12,638
Good morning,

Aussie stands at solid daily support, so at least minor pullback should happen by technical reasons. If situation around tariffs will get the relief, AUD could climb more:


The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
 

Sive Morten

Special Consultant to the FPA
Messages
12,638
It's ok Sive, I was looking for a good exit point for my shorts.....
I closed half positions and looking to close all.
By the way - it seems setup is working. ;) On Friday it was looking hopless, but you never know what makes your technical setup works.
As a rule this is some situation that absolutely can't be predicted.
 
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